Rapidly Developing Economies (RDE)

download Rapidly Developing Economies (RDE)

of 20

Transcript of Rapidly Developing Economies (RDE)

  • 7/27/2019 Rapidly Developing Economies (RDE)

    1/20

    Emerging markets

    From Wikipedia, the free encyclopedia

    Emerging markets are nations with social or business activity in the process of rapidgrowthandindustrialization. The economies ofChinaandIndiaare

    considered to be the largest.[1]According toThe Economistmany people find the term outdated, but no new term has yet to gain much

    traction.[2]

    Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion.[3]

    The seven largest emerging and

    developing economies by either nominal GDP or GDP (PPP) areChina,Brazil,Russia,India,Mexico,Indonesia, andTurkey.

    TheASEANChina Free Trade Area, launched on January 1, 2010, is the largestregionalemerging market in the world.[4]

    Terminology

    In the 1970s, "less economically developed countries" (LEDCs) was the common term for markets that were less

    "developed" (by objective or subjective measures) than the developed countries such as the United States, Western

    Europe, and Japan. These markets were supposed to provide greater potential for profit, but also more risk from various

    factors. This term was felt by some to be not positive enough so the emerging marketlabel was born. This term is

    misleading in that there is no guarantee that a country will move from "less developed" to "more developed"; although that

    is the general trend in the world, countries can also move from "more developed" to "less developed".

    Originally brought into fashion in the 1980s by thenWorld BankeconomistAntoine van Agtmael,[5]the term is sometimes

    loosely used as a replacement foremerging economies, but really signifies a business phenomenon that is not fully

    described by or constrained to geography or economic strength; such countriesare considered to be in a transitional

    phase betweendevelopinganddevelopedstatus. Examples of emerging markets includeIndonesia,Iran, some countries

    ofLatin America, some countries inSoutheast Asia,South Korea, most countries inEastern Europe,Russia, some

    countries in theMiddle East, and parts ofAfrica. Emphasizing the fluid nature of the category, political scientistIan

    http://en.wikipedia.org/wiki/Economic_growthhttp://en.wikipedia.org/wiki/Economic_growthhttp://en.wikipedia.org/wiki/Economic_growthhttp://en.wikipedia.org/wiki/Industrializationhttp://en.wikipedia.org/wiki/Industrializationhttp://en.wikipedia.org/wiki/Industrializationhttp://en.wikipedia.org/wiki/Economy_of_the_People%27s_Republic_of_Chinahttp://en.wikipedia.org/wiki/Economy_of_the_People%27s_Republic_of_Chinahttp://en.wikipedia.org/wiki/Economy_of_the_People%27s_Republic_of_Chinahttp://en.wikipedia.org/wiki/Economy_of_Indiahttp://en.wikipedia.org/wiki/Economy_of_Indiahttp://en.wikipedia.org/wiki/Economy_of_Indiahttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-1http://en.wikipedia.org/wiki/Emerging_markets#cite_note-1http://en.wikipedia.org/wiki/Emerging_markets#cite_note-1http://en.wikipedia.org/wiki/The_Economisthttp://en.wikipedia.org/wiki/The_Economisthttp://en.wikipedia.org/wiki/The_Economisthttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-2http://en.wikipedia.org/wiki/Emerging_markets#cite_note-2http://en.wikipedia.org/wiki/Emerging_markets#cite_note-2http://en.wikipedia.org/wiki/Emerging_markets#cite_note-3http://en.wikipedia.org/wiki/Emerging_markets#cite_note-3http://en.wikipedia.org/wiki/Emerging_markets#cite_note-3http://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/ASEAN%E2%80%93China_Free_Trade_Areahttp://en.wikipedia.org/wiki/ASEAN%E2%80%93China_Free_Trade_Areahttp://en.wikipedia.org/wiki/ASEAN%E2%80%93China_Free_Trade_Areahttp://en.wikipedia.org/wiki/ASEAN%E2%80%93China_Free_Trade_Areahttp://en.wikipedia.org/wiki/ASEAN%E2%80%93China_Free_Trade_Areahttp://en.wikipedia.org/wiki/Economic_integrationhttp://en.wikipedia.org/wiki/Economic_integrationhttp://en.wikipedia.org/wiki/Economic_integrationhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-4http://en.wikipedia.org/wiki/Emerging_markets#cite_note-4http://en.wikipedia.org/wiki/Emerging_markets#cite_note-4http://en.wikipedia.org/wiki/World_Bankhttp://en.wikipedia.org/wiki/World_Bankhttp://en.wikipedia.org/wiki/World_Bankhttp://en.wikipedia.org/wiki/Antoine_van_Agtmaelhttp://en.wikipedia.org/wiki/Antoine_van_Agtmaelhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-5http://en.wikipedia.org/wiki/Emerging_markets#cite_note-5http://en.wikipedia.org/wiki/Emerging_markets#cite_note-5http://en.wikipedia.org/wiki/Countrieshttp://en.wikipedia.org/wiki/Countrieshttp://en.wikipedia.org/wiki/Countrieshttp://en.wikipedia.org/wiki/Developing_countryhttp://en.wikipedia.org/wiki/Developing_countryhttp://en.wikipedia.org/wiki/Developing_countryhttp://en.wikipedia.org/wiki/Developed_countryhttp://en.wikipedia.org/wiki/Developed_countryhttp://en.wikipedia.org/wiki/Developed_countryhttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Iranhttp://en.wikipedia.org/wiki/Iranhttp://en.wikipedia.org/wiki/Iranhttp://en.wikipedia.org/wiki/Latin_Americahttp://en.wikipedia.org/wiki/Latin_Americahttp://en.wikipedia.org/wiki/Latin_Americahttp://en.wikipedia.org/wiki/Southeast_Asiahttp://en.wikipedia.org/wiki/Southeast_Asiahttp://en.wikipedia.org/wiki/Southeast_Asiahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Eastern_Europehttp://en.wikipedia.org/wiki/Eastern_Europehttp://en.wikipedia.org/wiki/Eastern_Europehttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Middle_Easthttp://en.wikipedia.org/wiki/Middle_Easthttp://en.wikipedia.org/wiki/Middle_Easthttp://en.wikipedia.org/wiki/Africahttp://en.wikipedia.org/wiki/Africahttp://en.wikipedia.org/wiki/Africahttp://en.wikipedia.org/wiki/Ian_Bremmerhttp://en.wikipedia.org/wiki/Ian_Bremmerhttp://en.wikipedia.org/wiki/Ian_Bremmerhttp://en.wikipedia.org/wiki/Africahttp://en.wikipedia.org/wiki/Middle_Easthttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Eastern_Europehttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Southeast_Asiahttp://en.wikipedia.org/wiki/Latin_Americahttp://en.wikipedia.org/wiki/Iranhttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Developed_countryhttp://en.wikipedia.org/wiki/Developing_countryhttp://en.wikipedia.org/wiki/Countrieshttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-5http://en.wikipedia.org/wiki/Antoine_van_Agtmaelhttp://en.wikipedia.org/wiki/World_Bankhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-4http://en.wikipedia.org/wiki/Economic_integrationhttp://en.wikipedia.org/wiki/ASEAN%E2%80%93China_Free_Trade_Areahttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-3http://en.wikipedia.org/wiki/Emerging_markets#cite_note-2http://en.wikipedia.org/wiki/The_Economisthttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-1http://en.wikipedia.org/wiki/Economy_of_Indiahttp://en.wikipedia.org/wiki/Economy_of_the_People%27s_Republic_of_Chinahttp://en.wikipedia.org/wiki/Industrializationhttp://en.wikipedia.org/wiki/Economic_growth
  • 7/27/2019 Rapidly Developing Economies (RDE)

    2/20

    Bremmerdefines an emerging market as "a country where politics matters at least as much as economics to the

    markets".[6]

    The research on emerging markets is diffused withinmanagementliterature. While researchers includingc,George

    Haley,Vladimir Kvint,Hernando de Soto,Usha Haley, and several professors fromHarvard Business SchoolandYale

    School of Managementhave described activity in countries such as India and China, how a market emerges is little

    understood.

    In 1999, Dr. Kvint publishid this definition: "Emerging market country is a society transitioning from a dictatorship to a free-

    market-oriented-economy, with increasing economic freedom, gradual integration with the Global Marketplace and with

    other members of the GEM (Global Emerging Market), an expanding middle class, improving standards of living, social

    stability and tolerance, as well as an increase in cooperationn with multilateral institutions"[7]In 2008 Emerging Economy

    Report,[8]

    theCenter for Knowledge Societiesdefines Emerging Economies as those "regions of the world that areexperiencing rapid informationalization under conditions of limited or partial industrialization." It appears that emerging

    markets lie at the intersection of non-traditional user behavior, the rise of new user groups and community adoption of

    products and services, and innovations in product technologies and platforms.

    More critical scholars have also studied key emerging markets like Mexico and Turkey. Thomas Marois (2012, 2) argues

    that financial imperatives have become much more significant and has developed the idea of 'emerging finance

    capitalism' - an era wherein the collective interests of financial capital principally shape the logical options and choices of

    government and state elites over and above those of labor and popular classes.[9]

    Julien Vercueil[10]recently proposed an pragmatic definition of the "emerging economies", as distinguished from

    "emerging markets" coined by an approach heavily influenced by financial criteria. According to his definition, an emerging

    economy displays the following characteristics :

    1. Intermediate income : its PPP per capita income is comprised between 10% and 75% of the average EU per capita

    income.

    http://en.wikipedia.org/wiki/Ian_Bremmerhttp://en.wikipedia.org/wiki/Ian_Bremmerhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-6http://en.wikipedia.org/wiki/Emerging_markets#cite_note-6http://en.wikipedia.org/wiki/Emerging_markets#cite_note-6http://en.wikipedia.org/wiki/Managementhttp://en.wikipedia.org/wiki/Managementhttp://en.wikipedia.org/wiki/Managementhttp://en.wikipedia.org/wiki/George_Haleyhttp://en.wikipedia.org/wiki/George_Haleyhttp://en.wikipedia.org/wiki/George_Haleyhttp://en.wikipedia.org/wiki/George_Haleyhttp://en.wikipedia.org/wiki/Vladimir_Kvinthttp://en.wikipedia.org/wiki/Vladimir_Kvinthttp://en.wikipedia.org/wiki/Vladimir_Kvinthttp://en.wikipedia.org/wiki/Hernando_de_Soto_(economist)http://en.wikipedia.org/wiki/Hernando_de_Soto_(economist)http://en.wikipedia.org/wiki/Hernando_de_Soto_(economist)http://en.wikipedia.org/wiki/Usha_Haleyhttp://en.wikipedia.org/wiki/Usha_Haleyhttp://en.wikipedia.org/wiki/Usha_Haleyhttp://en.wikipedia.org/wiki/Harvard_Business_Schoolhttp://en.wikipedia.org/wiki/Harvard_Business_Schoolhttp://en.wikipedia.org/wiki/Harvard_Business_Schoolhttp://en.wikipedia.org/wiki/Yale_School_of_Managementhttp://en.wikipedia.org/wiki/Yale_School_of_Managementhttp://en.wikipedia.org/wiki/Yale_School_of_Managementhttp://en.wikipedia.org/wiki/Yale_School_of_Managementhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-7http://en.wikipedia.org/wiki/Emerging_markets#cite_note-7http://en.wikipedia.org/wiki/Emerging_markets#cite_note-7http://en.wikipedia.org/wiki/Emerging_markets#cite_note-8http://en.wikipedia.org/wiki/Emerging_markets#cite_note-8http://en.wikipedia.org/wiki/Emerging_markets#cite_note-8http://en.wikipedia.org/wiki/Center_for_Knowledge_Societieshttp://en.wikipedia.org/wiki/Center_for_Knowledge_Societieshttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-9http://en.wikipedia.org/wiki/Emerging_markets#cite_note-9http://en.wikipedia.org/wiki/Emerging_markets#cite_note-9http://en.wikipedia.org/wiki/Emerging_markets#cite_note-10http://en.wikipedia.org/wiki/Emerging_markets#cite_note-10http://en.wikipedia.org/wiki/Emerging_markets#cite_note-10http://en.wikipedia.org/wiki/Emerging_markets#cite_note-10http://en.wikipedia.org/wiki/Emerging_markets#cite_note-9http://en.wikipedia.org/wiki/Center_for_Knowledge_Societieshttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-8http://en.wikipedia.org/wiki/Emerging_markets#cite_note-7http://en.wikipedia.org/wiki/Yale_School_of_Managementhttp://en.wikipedia.org/wiki/Yale_School_of_Managementhttp://en.wikipedia.org/wiki/Harvard_Business_Schoolhttp://en.wikipedia.org/wiki/Usha_Haleyhttp://en.wikipedia.org/wiki/Hernando_de_Soto_(economist)http://en.wikipedia.org/wiki/Vladimir_Kvinthttp://en.wikipedia.org/wiki/George_Haleyhttp://en.wikipedia.org/wiki/George_Haleyhttp://en.wikipedia.org/wiki/Managementhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-6http://en.wikipedia.org/wiki/Ian_Bremmer
  • 7/27/2019 Rapidly Developing Economies (RDE)

    3/20

    2. Catching-up growth : during at least the last decade, it has experienced a brisk economic growth that has narrowed the

    income gap with advanced economies.

    3. Institutional transformations and economic opening : during the same period, it has undertaken profound institutional

    transformations which contributed to integrate it more deeply into the world economy. Hence, emerging economies

    appears to be a by-product of the current globalization.

    At the beginning of the 2010's, more than 50 countries, representing 60% of the world's population and 45% of its GDP,

    matched these criteria.[11]Among them, the BRICS.

    The term "rapidly developing economies" is being used to denote emerging markets such as TheUnited Arab

    Emirates,ChileandMalaysiathat are undergoing rapid growth.

    In recent years, new terms have emerged to describe the largest developing countries such asBRICthat stands

    forBrazil,Russia,India, andChina,[12]along with BRICET(BRIC + Eastern Europe and Turkey), BRICS (BRIC + South

    Africa), BRICM(BRIC + Mexico), BRICK(BRIC + South Korea),Next Eleven(Bangladesh, Egypt, Indonesia, Iran,

    Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam) andCIVETS(Colombia, Indonesia, Vietnam,

    Egypt, Turkey and South Africa).[13]These countries do not share any common agenda, but some experts believe that

    they are enjoying an increasing role in the world economy and on political platforms.

    It is difficult to make an exact list of emerging (or developed) markets; the best guides tend to be investment information

    sources likeISI Emerging MarketsandThe Economistor market index makers (such asMorgan Stanley Capital

    International). These sources are well-informed, but the nature of investment information sources leads to two potentialproblems. One is an element of historicity; markets may be maintained in an index for continuity, even if the countries

    have since developed past the emerging market phase. Possible examples of this areSouth Korea[14]andTaiwan. A

    second is the simplification inherent in making an index; small countries, or countries with limited market liquidity are often

    not considered, with their larger neighbours considered an appropriate stand-in.

    In anOpalesque.TVvideo,hedge fundmanager Jonathan Binder discusses the current and future relevance of the term

    "emerging markets" in the financial world. Binder says that in the future investors will not necessarily think of the

    http://en.wikipedia.org/wiki/Emerging_markets#cite_note-11http://en.wikipedia.org/wiki/Emerging_markets#cite_note-11http://en.wikipedia.org/wiki/Emerging_markets#cite_note-11http://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/BRIChttp://en.wikipedia.org/wiki/BRIChttp://en.wikipedia.org/wiki/BRIChttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/People%27s_Republic_of_Chinahttp://en.wikipedia.org/wiki/People%27s_Republic_of_Chinahttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-12http://en.wikipedia.org/wiki/Emerging_markets#cite_note-12http://en.wikipedia.org/wiki/Next_Elevenhttp://en.wikipedia.org/wiki/Next_Elevenhttp://en.wikipedia.org/wiki/Next_Elevenhttp://en.wikipedia.org/wiki/CIVETShttp://en.wikipedia.org/wiki/CIVETShttp://en.wikipedia.org/wiki/CIVETShttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-13http://en.wikipedia.org/wiki/Emerging_markets#cite_note-13http://en.wikipedia.org/wiki/Emerging_markets#cite_note-13http://en.wikipedia.org/wiki/ISI_Emerging_Marketshttp://en.wikipedia.org/wiki/ISI_Emerging_Marketshttp://en.wikipedia.org/wiki/ISI_Emerging_Marketshttp://en.wikipedia.org/wiki/The_Economisthttp://en.wikipedia.org/wiki/The_Economisthttp://en.wikipedia.org/wiki/The_Economisthttp://en.wikipedia.org/wiki/Morgan_Stanley_Capital_Internationalhttp://en.wikipedia.org/wiki/Morgan_Stanley_Capital_Internationalhttp://en.wikipedia.org/wiki/Morgan_Stanley_Capital_Internationalhttp://en.wikipedia.org/wiki/Morgan_Stanley_Capital_Internationalhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Taiwanhttp://www.opalesque.tv/youtube/Lars_Jaeger/1http://www.opalesque.tv/youtube/Lars_Jaeger/1http://www.opalesque.tv/youtube/Lars_Jaeger/1http://en.wikipedia.org/wiki/Hedge_fundhttp://en.wikipedia.org/wiki/Hedge_fundhttp://en.wikipedia.org/wiki/Hedge_fundhttp://en.wikipedia.org/wiki/Hedge_fundhttp://www.opalesque.tv/youtube/Lars_Jaeger/1http://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Morgan_Stanley_Capital_Internationalhttp://en.wikipedia.org/wiki/Morgan_Stanley_Capital_Internationalhttp://en.wikipedia.org/wiki/The_Economisthttp://en.wikipedia.org/wiki/ISI_Emerging_Marketshttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-13http://en.wikipedia.org/wiki/CIVETShttp://en.wikipedia.org/wiki/Next_Elevenhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-12http://en.wikipedia.org/wiki/People%27s_Republic_of_Chinahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/BRIChttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-11
  • 7/27/2019 Rapidly Developing Economies (RDE)

    4/20

    traditional classifications of "G10" (or G7) versus "emerging markets". Instead, people should look at the world as

    countries that are fiscally responsible and countries that are not. Whether that country is in Europe or in South America

    should make no difference, making the traditional "blocs" of categorization irrelevant.

    The Big Emerging Market(BEM) economies are (alphabetically

    ordered):Brazil,China,Egypt,India,Indonesia,Mexico,Philippines,Poland,Russia,South Africa,South

    Korea[14]andTurkey.[15]

    Newly industrialized countriesare emerging markets whose economies have not yet reached first world status but have,

    in a macroeconomic sense, outpaced their developing counterparts.

    Individual investors can invest in emerging markets by buying into emerging markets or global funds. If they want to pick

    single stocks or make their own bets they can do it either through ADRs (American depositor Receipts - stocks of foreign

    companies that trade on US stock exchanges) or through exchange traded funds (exchange traded funds or ETFs hold

    basket of stocks). The exchange traded funds can be focused on a particular country (e.g., China, India) or region (e.g.,

    Asia-Pacific, Latin America).

    International Monetary Fund list

    As of July 16, 2012, theInternational Monetary Fund(IMF) labels the following countries as "emerging economies":[16]

    Argentina

    Brazil

    Bulgaria

    Chile

    China[17]

    Estonia1

    Indonesia

    Latvia

    Lithuania

    Malaysia

    Mexico

    Pakistan

    Poland

    Romania

    Russia

    South Africa

    Thailand

    Turkey

    http://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-Kor-14http://en.wikipedia.org/wiki/Emerging_markets#cite_note-Kor-14http://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-15http://en.wikipedia.org/wiki/Emerging_markets#cite_note-15http://en.wikipedia.org/wiki/Emerging_markets#cite_note-15http://en.wikipedia.org/wiki/Newly_industrialized_countryhttp://en.wikipedia.org/wiki/Newly_industrialized_countryhttp://en.wikipedia.org/wiki/International_Monetary_Fundhttp://en.wikipedia.org/wiki/International_Monetary_Fundhttp://en.wikipedia.org/wiki/International_Monetary_Fundhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-16http://en.wikipedia.org/wiki/Emerging_markets#cite_note-16http://en.wikipedia.org/wiki/Emerging_markets#cite_note-16http://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Bulgariahttp://en.wikipedia.org/wiki/Bulgariahttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Estoniahttp://en.wikipedia.org/wiki/Estoniahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Latviahttp://en.wikipedia.org/wiki/Latviahttp://en.wikipedia.org/wiki/Lithuaniahttp://en.wikipedia.org/wiki/Lithuaniahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Romaniahttp://en.wikipedia.org/wiki/Romaniahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Romaniahttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Lithuaniahttp://en.wikipedia.org/wiki/Latviahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Estoniahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Bulgariahttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-16http://en.wikipedia.org/wiki/International_Monetary_Fundhttp://en.wikipedia.org/wiki/Newly_industrialized_countryhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-15http://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-Kor-14http://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Brazil
  • 7/27/2019 Rapidly Developing Economies (RDE)

    5/20

    Hungary

    India

    Peru

    Philippines

    Ukraine

    Venezuela

    1Also included in the group of "advanced economies" by the IMF.

    [edit]Columbia University EMGP List

    As of November 1, 2012, theEmerging Market Global Players (EMGP) projectatColumbia Universityincludes the following

    economies into the watch list:

    Argentina

    Brazil

    Chile

    China[17]

    Hungary

    India

    Israel

    South Africa

    South Korea

    Mexico

    Poland Russia

    Slovenia

    Thailand

    Taiwan

    Turkey

    The EMGP project, a collaborative effort led by the VCC, brings together researchers on FDI from leading institutions in emerging

    markets to produce annual reports identifying the top multinationals from each of a number of emerging markets. Each report isposted on this website as well as on the website of the partner institution in the relevant country. The information in the reports,

    including the rankings by foreign assets, will be of interest to researchers, bankers, investors, and the media, as well as to

    multinational firms in many countries.

    The EMGP project is coordinated by:Dr. Victor Z. Chen(EMGP Global Coordinator and Editor) and Dr. Valentina Bratu (EMGP

    Manager and Editor).

    http://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Ukrainehttp://en.wikipedia.org/wiki/Ukrainehttp://en.wikipedia.org/wiki/Venezuelahttp://en.wikipedia.org/wiki/Venezuelahttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=3http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=3http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=3http://www.vcc.columbia.edu/content/emerging-market-global-players-projecthttp://www.vcc.columbia.edu/content/emerging-market-global-players-projecthttp://www.vcc.columbia.edu/content/emerging-market-global-players-projecthttp://en.wikipedia.org/wiki/Columbia_Universityhttp://en.wikipedia.org/wiki/Columbia_Universityhttp://en.wikipedia.org/wiki/Columbia_Universityhttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Israelhttp://en.wikipedia.org/wiki/Israelhttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Sloveniahttp://en.wikipedia.org/wiki/Sloveniahttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://www.victorzchen.com/http://www.victorzchen.com/http://www.victorzchen.com/http://www.victorzchen.com/http://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Sloveniahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Israelhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Columbia_Universityhttp://www.vcc.columbia.edu/content/emerging-market-global-players-projecthttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=3http://en.wikipedia.org/wiki/Venezuelahttp://en.wikipedia.org/wiki/Ukrainehttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Hungary
  • 7/27/2019 Rapidly Developing Economies (RDE)

    6/20

    [edit]FTSE list

    TheFTSE Groupdistinguishes between Advanced and Secondary Emerging markets on the basis of their national income and the

    development of their market infrastructure. The Advanced Emerging markets are classified as such because they are upper or lower

    middle income GNI countries with advanced market infrastructures or high income GNI countries with lesser developed market

    infrastructures.[18][19]

    The Advanced Emerging markets are:

    Brazil

    Czech Republic

    Hungary

    Malaysia Mexico

    Poland[20]

    South Africa

    Taiwan[20]

    Thailand

    [21]

    Turkey

    The Secondary Emerging markets include some low income, lower middle, upper middle and high income GNI countries with

    reasonable market infrastructures and significant size and some upper middle income GNI countries with lesser developed market

    infrastructures. The secondary emerging markets are:

    Chile

    China

    Colombia Egypt

    India

    Indonesia

    Morocco

    Pakistan

    Peru Philippines

    Russia

    UAE

    [edit]MSCI list

    As of May 2010,MSCI Barraclassified the following 21 countries as emerging markets:[22]

    http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=4http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=4http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=4http://en.wikipedia.org/wiki/FTSE_Grouphttp://en.wikipedia.org/wiki/FTSE_Grouphttp://en.wikipedia.org/wiki/FTSE_Grouphttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-18http://en.wikipedia.org/wiki/Emerging_markets#cite_note-18http://en.wikipedia.org/wiki/Emerging_markets#cite_note-18http://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=5http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=5http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=5http://en.wikipedia.org/wiki/MSCI_Barrahttp://en.wikipedia.org/wiki/MSCI_Barrahttp://en.wikipedia.org/wiki/MSCI_Barrahttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-22http://en.wikipedia.org/wiki/Emerging_markets#cite_note-22http://en.wikipedia.org/wiki/Emerging_markets#cite_note-22http://en.wikipedia.org/wiki/Emerging_markets#cite_note-22http://en.wikipedia.org/wiki/MSCI_Barrahttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=5http://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-18http://en.wikipedia.org/wiki/Emerging_markets#cite_note-18http://en.wikipedia.org/wiki/FTSE_Grouphttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=4
  • 7/27/2019 Rapidly Developing Economies (RDE)

    7/20

    Brazil

    Chile

    China

    Colombia

    Czech Republic

    Egypt

    Hungary

    India

    Indonesia

    Malaysia

    Mexico

    Morocco

    Peru

    Philippines

    Poland

    Russia

    South Africa

    South Korea

    Taiwan

    Thailand

    Turkey

    The list tracked by The Economistis the same, except withHong Kong,SingaporeandSaudi Arabiaincluded (MSCIclassifies the

    first two as developed markets and the third one is unclassified due to foreign ownership restrictions).

    [edit]S&P list

    As of 31 December 2010,Standard and Poor'sclassified the following 20 countries as emerging markets:[23]

    Brazil

    Chile

    China

    Colombia[24]

    Czech Republic

    Egypt

    Hungary

    India

    Indonesia

    Malaysia

    Mexico

    Morocco

    Peru

    Philippines

    Poland

    Russia

    South Africa

    Taiwan

    Thailand

    Turkey

    The United Arab Emirates, Qatar, and Jordanare currently under review for being upgraded to the status of emerging

    market by S&P.[25]

    [edit]Dow Jones list

    As of September 2011,Dow Jonesclassified the following 22 countries as emerging markets:[26]

    Argentina China Czech Republic Egypt

    http://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Hong_Konghttp://en.wikipedia.org/wiki/Hong_Konghttp://en.wikipedia.org/wiki/Hong_Konghttp://en.wikipedia.org/wiki/Singaporehttp://en.wikipedia.org/wiki/Singaporehttp://en.wikipedia.org/wiki/Singaporehttp://en.wikipedia.org/wiki/Saudi_Arabiahttp://en.wikipedia.org/wiki/Saudi_Arabiahttp://en.wikipedia.org/wiki/Saudi_Arabiahttp://en.wikipedia.org/wiki/Morgan_Stanley_Capital_Internationalhttp://en.wikipedia.org/wiki/Morgan_Stanley_Capital_Internationalhttp://en.wikipedia.org/wiki/Morgan_Stanley_Capital_Internationalhttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=6http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=6http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=6http://en.wikipedia.org/wiki/Standard_and_Poor%27shttp://en.wikipedia.org/wiki/Standard_and_Poor%27shttp://en.wikipedia.org/wiki/Standard_and_Poor%27shttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-23http://en.wikipedia.org/wiki/Emerging_markets#cite_note-23http://en.wikipedia.org/wiki/Emerging_markets#cite_note-23http://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/Qatarhttp://en.wikipedia.org/wiki/Qatarhttp://en.wikipedia.org/wiki/Jordanhttp://en.wikipedia.org/wiki/Jordanhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-25http://en.wikipedia.org/wiki/Emerging_markets#cite_note-25http://en.wikipedia.org/wiki/Emerging_markets#cite_note-25http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=7http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=7http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=7http://en.wikipedia.org/wiki/Dow_Joneshttp://en.wikipedia.org/wiki/Dow_Joneshttp://en.wikipedia.org/wiki/Dow_Joneshttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-26http://en.wikipedia.org/wiki/Emerging_markets#cite_note-26http://en.wikipedia.org/wiki/Emerging_markets#cite_note-26http://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-26http://en.wikipedia.org/wiki/Dow_Joneshttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=7http://en.wikipedia.org/wiki/Emerging_markets#cite_note-25http://en.wikipedia.org/wiki/Jordanhttp://en.wikipedia.org/wiki/Qatarhttp://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-23http://en.wikipedia.org/wiki/Standard_and_Poor%27shttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=6http://en.wikipedia.org/wiki/Morgan_Stanley_Capital_Internationalhttp://en.wikipedia.org/wiki/Saudi_Arabiahttp://en.wikipedia.org/wiki/Singaporehttp://en.wikipedia.org/wiki/Hong_Konghttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Brazil
  • 7/27/2019 Rapidly Developing Economies (RDE)

    8/20

    Brazil

    Chile

    Colombia

    Mexico

    Peru

    India

    Indonesia

    Malaysia

    Philippines

    South Korea

    Taiwan

    Thailand

    Hungary

    Poland

    Russia

    Turkey

    Morocco

    South Africa

    [edit]Frontier Strategy Group (F10) list

    In July 2011, Frontier Strategy Group released the F-10, a list of the top 10 emerging markets Western multinational senior executives

    at Fortune 500 companies are tracking globally.[27]

    The F-10 emerging market list is as follows:

    China

    Brazil

    India

    Mexico

    Russia

    Indonesia

    Colombia

    Argentina

    Chile

    Turkey

    [edit]BBVA Research

    http://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=8http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=8http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=8http://en.wikipedia.org/wiki/Emerging_markets#cite_note-27http://en.wikipedia.org/wiki/Emerging_markets#cite_note-27http://en.wikipedia.org/wiki/Emerging_markets#cite_note-27http://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=9http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=9http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=9http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=9http://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-27http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=8http://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Brazil
  • 7/27/2019 Rapidly Developing Economies (RDE)

    9/20

    In November 2010,BBVAResearch introduced a new economic concept, to identify a key emerging markets.[28]

    This classification is

    divided in two set of developing economies.

    EAGLEs(Emerging and Growth-Leading Economies): Expected Incremental GDP in the next 10 years to be larger than the average

    of the G7 economies, excluding the US.

    China

    India

    Indonesia

    South Korea

    Taiwan

    Brazil

    Mexico

    Russia

    Turkey

    NEST: Expected Incremental GDP in the next decade to be lower than the average of the G6 economies(G7 excluding the US) but

    higher than Italys.

    Argentina

    Bangladesh

    Chile

    Colombia

    Egypt

    Malaysia

    Nigeria

    Pakistan

    Peru

    Philippines

    Poland

    Thailand

    South Africa

    Ukraine

    Vietnam

    Other Emerging Markets[29]

    Bahrain

    Bulgaria

    Czech Republic

    Estonia

    Hungary

    Jordan

    Kuwait

    Latvia

    Lithuania

    Mauritius

    Morocco

    Oman

    Qatar

    Romania

    Slovakia

    Sri Lanka

    Sudan

    Tunisia

    UAE

    Venezuela

    http://en.wikipedia.org/wiki/BBVAhttp://en.wikipedia.org/wiki/BBVAhttp://en.wikipedia.org/wiki/BBVAhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-28http://en.wikipedia.org/wiki/Emerging_markets#cite_note-28http://en.wikipedia.org/wiki/Emerging_markets#cite_note-28http://en.wikipedia.org/wiki/Emerging_and_Growth-Leading_Economieshttp://en.wikipedia.org/wiki/Emerging_and_Growth-Leading_Economieshttp://en.wikipedia.org/wiki/Emerging_and_Growth-Leading_Economieshttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Nigeriahttp://en.wikipedia.org/wiki/Nigeriahttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Ukrainehttp://en.wikipedia.org/wiki/Ukrainehttp://en.wikipedia.org/wiki/Vietnamhttp://en.wikipedia.org/wiki/Vietnamhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-29http://en.wikipedia.org/wiki/Emerging_markets#cite_note-29http://en.wikipedia.org/wiki/Emerging_markets#cite_note-29http://en.wikipedia.org/wiki/Bahrainhttp://en.wikipedia.org/wiki/Bahrainhttp://en.wikipedia.org/wiki/Bulgariahttp://en.wikipedia.org/wiki/Bulgariahttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Estoniahttp://en.wikipedia.org/wiki/Estoniahttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Jordanhttp://en.wikipedia.org/wiki/Jordanhttp://en.wikipedia.org/wiki/Kuwaithttp://en.wikipedia.org/wiki/Kuwaithttp://en.wikipedia.org/wiki/Latviahttp://en.wikipedia.org/wiki/Latviahttp://en.wikipedia.org/wiki/Lithuaniahttp://en.wikipedia.org/wiki/Lithuaniahttp://en.wikipedia.org/wiki/Mauritiushttp://en.wikipedia.org/wiki/Mauritiushttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Omanhttp://en.wikipedia.org/wiki/Omanhttp://en.wikipedia.org/wiki/Qatarhttp://en.wikipedia.org/wiki/Qatarhttp://en.wikipedia.org/wiki/Romaniahttp://en.wikipedia.org/wiki/Romaniahttp://en.wikipedia.org/wiki/Slovakiahttp://en.wikipedia.org/wiki/Slovakiahttp://en.wikipedia.org/wiki/Sri_Lankahttp://en.wikipedia.org/wiki/Sri_Lankahttp://en.wikipedia.org/wiki/Sudanhttp://en.wikipedia.org/wiki/Sudanhttp://en.wikipedia.org/wiki/Tunisiahttp://en.wikipedia.org/wiki/Tunisiahttp://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/Venezuelahttp://en.wikipedia.org/wiki/Venezuelahttp://en.wikipedia.org/wiki/Venezuelahttp://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/Tunisiahttp://en.wikipedia.org/wiki/Sudanhttp://en.wikipedia.org/wiki/Sri_Lankahttp://en.wikipedia.org/wiki/Slovakiahttp://en.wikipedia.org/wiki/Romaniahttp://en.wikipedia.org/wiki/Qatarhttp://en.wikipedia.org/wiki/Omanhttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Mauritiushttp://en.wikipedia.org/wiki/Lithuaniahttp://en.wikipedia.org/wiki/Latviahttp://en.wikipedia.org/wiki/Kuwaithttp://en.wikipedia.org/wiki/Jordanhttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Estoniahttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Bulgariahttp://en.wikipedia.org/wiki/Bahrainhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-29http://en.wikipedia.org/wiki/Vietnamhttp://en.wikipedia.org/wiki/Ukrainehttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Nigeriahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Emerging_and_Growth-Leading_Economieshttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-28http://en.wikipedia.org/wiki/BBVA
  • 7/27/2019 Rapidly Developing Economies (RDE)

    10/20

    [edit]Emerging Markets Index

    TheEmerging Markets Indexis a list of the top 65 cities in emerging markets. The following countries had cities featured on the list

    (as of 2008):

    Argentina

    Brazil

    Bulgaria

    Chile

    China

    Colombia

    Dominican Republic

    Ecuador

    Egypt

    Hungary

    India

    Indonesia

    Kenya

    Lebanon

    Malaysia

    Mexico

    Morocco

    Pakistan

    Peru

    Philippines

    Poland

    Romania

    Russia

    Senegal

    South Africa

    Thailand

    Tunisia

    Turkey

    Ukraine

    Uruguay

    Venezuela

    Vietnam

    [edit]

    Summary list

    If we plot the lists above to table below, there are only 1 country always appears in every list (Next Eleven/BRIC, CIVETS,

    FTSE, MSCI, The Economist, S&P, Dow Jones, Columbia University EMGP). It is Turkey. Indonesia and Turkey, which

    have been categorized with Mexico and Korea as part of the MIKTeconomies. Egypt, since January 25, 2011, has beenaffected byprotestsand is now in a transition process. There are also several countries to only appear on one list. They

    are Iran (Next 11), Israel (Columbia University EMGP), Hong Kong, Singapore, Saudi Arabia (The Economist),

    Afghanistan (Dow Jones) and Sudan, Tunisia, Ukraine, and Venezuela (BBVA).

    Emerging Markets by Each Group of Analysts

    http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=10http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=10http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=10http://en.wikipedia.org/wiki/Emerging_Markets_Indexhttp://en.wikipedia.org/wiki/Emerging_Markets_Indexhttp://en.wikipedia.org/wiki/Emerging_Markets_Indexhttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Bulgariahttp://en.wikipedia.org/wiki/Bulgariahttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Dominican_Republichttp://en.wikipedia.org/wiki/Dominican_Republichttp://en.wikipedia.org/wiki/Ecuadorhttp://en.wikipedia.org/wiki/Ecuadorhttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Kenyahttp://en.wikipedia.org/wiki/Kenyahttp://en.wikipedia.org/wiki/Lebanonhttp://en.wikipedia.org/wiki/Lebanonhttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Romaniahttp://en.wikipedia.org/wiki/Romaniahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Senegalhttp://en.wikipedia.org/wiki/Senegalhttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Tunisiahttp://en.wikipedia.org/wiki/Tunisiahttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Ukrainehttp://en.wikipedia.org/wiki/Ukrainehttp://en.wikipedia.org/wiki/Uruguayhttp://en.wikipedia.org/wiki/Uruguayhttp://en.wikipedia.org/wiki/Venezuelahttp://en.wikipedia.org/wiki/Venezuelahttp://en.wikipedia.org/wiki/Vietnamhttp://en.wikipedia.org/wiki/Vietnamhttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=11http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=11http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=11http://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/MIKThttp://en.wikipedia.org/wiki/MIKThttp://en.wikipedia.org/wiki/MIKThttp://en.wikipedia.org/wiki/2011_Egyptian_protestshttp://en.wikipedia.org/wiki/2011_Egyptian_protestshttp://en.wikipedia.org/wiki/2011_Egyptian_protestshttp://en.wikipedia.org/wiki/2011_Egyptian_protestshttp://en.wikipedia.org/wiki/MIKThttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=11http://en.wikipedia.org/wiki/Vietnamhttp://en.wikipedia.org/wiki/Venezuelahttp://en.wikipedia.org/wiki/Uruguayhttp://en.wikipedia.org/wiki/Ukrainehttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Tunisiahttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Senegalhttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Romaniahttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Lebanonhttp://en.wikipedia.org/wiki/Kenyahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Ecuadorhttp://en.wikipedia.org/wiki/Dominican_Republichttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Bulgariahttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Emerging_Markets_Indexhttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=10
  • 7/27/2019 Rapidly Developing Economies (RDE)

    11/20

    Country IMFNext-

    11/BRICCIVETS FTSE MSCI

    THE

    ECONOMISTS&P

    DOW

    JONESBBVA

    Columbia

    University

    EMGP

    Afghanistan

    Argentina

    Bahrain

    Bangladesh

    Brazil

    Bulgaria

    http://en.wikipedia.org/wiki/Afghanistanhttp://en.wikipedia.org/wiki/Afghanistanhttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Bahrainhttp://en.wikipedia.org/wiki/Bahrainhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Bulgariahttp://en.wikipedia.org/wiki/Bulgariahttp://en.wikipedia.org/wiki/Bulgariahttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Bangladeshhttp://en.wikipedia.org/wiki/Bahrainhttp://en.wikipedia.org/wiki/Argentinahttp://en.wikipedia.org/wiki/Afghanistan
  • 7/27/2019 Rapidly Developing Economies (RDE)

    12/20

    Emerging Markets by Each Group of Analysts

    Country IMFNext-

    11/BRICCIVETS FTSE MSCI

    THE

    ECONOMISTS&P

    DOW

    JONESBBVA

    Columbia

    University

    EMGP

    Chile

    China

    Colombia

    Czech

    Republic

    Egypt

    Estonia

    http://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chilehttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Estoniahttp://en.wikipedia.org/wiki/Estoniahttp://en.wikipedia.org/wiki/Estoniahttp://en.wikipedia.org/wiki/Egypthttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Czech_Republichttp://en.wikipedia.org/wiki/Colombiahttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Chile
  • 7/27/2019 Rapidly Developing Economies (RDE)

    13/20

    Emerging Markets by Each Group of Analysts

    Country IMFNext-

    11/BRICCIVETS FTSE MSCI

    THE

    ECONOMISTS&P

    DOW

    JONESBBVA

    Columbia

    University

    EMGP

    Hong

    Kong

    Hungary

    India

    Indonesia

    Iran

    Israel

    http://en.wikipedia.org/wiki/Hong_Konghttp://en.wikipedia.org/wiki/Hong_Konghttp://en.wikipedia.org/wiki/Hong_Konghttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Iranhttp://en.wikipedia.org/wiki/Iranhttp://en.wikipedia.org/wiki/Israelhttp://en.wikipedia.org/wiki/Israelhttp://en.wikipedia.org/wiki/Israelhttp://en.wikipedia.org/wiki/Iranhttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Hungaryhttp://en.wikipedia.org/wiki/Hong_Konghttp://en.wikipedia.org/wiki/Hong_Kong
  • 7/27/2019 Rapidly Developing Economies (RDE)

    14/20

    Emerging Markets by Each Group of Analysts

    Country IMFNext-

    11/BRICCIVETS FTSE MSCI

    THE

    ECONOMISTS&P

    DOW

    JONESBBVA

    Columbia

    University

    EMGP

    Jordan

    Kuwait

    Latvia

    Lithuania

    Malaysia

    http://en.wikipedia.org/wiki/Jordanhttp://en.wikipedia.org/wiki/Jordanhttp://en.wikipedia.org/wiki/Kuwaithttp://en.wikipedia.org/wiki/Kuwaithttp://en.wikipedia.org/wiki/Latviahttp://en.wikipedia.org/wiki/Latviahttp://en.wikipedia.org/wiki/Lithuaniahttp://en.wikipedia.org/wiki/Lithuaniahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Lithuaniahttp://en.wikipedia.org/wiki/Latviahttp://en.wikipedia.org/wiki/Kuwaithttp://en.wikipedia.org/wiki/Jordan
  • 7/27/2019 Rapidly Developing Economies (RDE)

    15/20

    Emerging Markets by Each Group of Analysts

    Country IMFNext-

    11/BRICCIVETS FTSE MSCI

    THE

    ECONOMISTS&P

    DOW

    JONESBBVA

    Columbia

    University

    EMGP

    Mauritius

    Mexico

    Morocco

    Nigeria

    Oman

    Pakistan

    Peru

    http://en.wikipedia.org/wiki/Mauritiushttp://en.wikipedia.org/wiki/Mauritiushttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Nigeriahttp://en.wikipedia.org/wiki/Nigeriahttp://en.wikipedia.org/wiki/Omanhttp://en.wikipedia.org/wiki/Omanhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Peruhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Omanhttp://en.wikipedia.org/wiki/Nigeriahttp://en.wikipedia.org/wiki/Moroccohttp://en.wikipedia.org/wiki/Mexicohttp://en.wikipedia.org/wiki/Mauritius
  • 7/27/2019 Rapidly Developing Economies (RDE)

    16/20

    Emerging Markets by Each Group of Analysts

    Country IMFNext-

    11/BRICCIVETS FTSE MSCI

    THE

    ECONOMISTS&P

    DOW

    JONESBBVA

    Columbia

    University

    EMGP

    Philippines

    Poland

    Qatar

    Romania

    Russia

    Saudi

    http://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Philippineshttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Qatarhttp://en.wikipedia.org/wiki/Qatarhttp://en.wikipedia.org/wiki/Romaniahttp://en.wikipedia.org/wiki/Romaniahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Saudi_Arabiahttp://en.wikipedia.org/wiki/Saudi_Arabiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Romaniahttp://en.wikipedia.org/wiki/Qatarhttp://en.wikipedia.org/wiki/Polandhttp://en.wikipedia.org/wiki/Philippines
  • 7/27/2019 Rapidly Developing Economies (RDE)

    17/20

    Emerging Markets by Each Group of Analysts

    Country IMFNext-

    11/BRICCIVETS FTSE MSCI

    THE

    ECONOMISTS&P

    DOW

    JONESBBVA

    Columbia

    University

    EMGP

    Arabia

    Singapore

    Slovakia

    Slovenia

    South

    Africa

    Sri

    Lanka

    http://en.wikipedia.org/wiki/Saudi_Arabiahttp://en.wikipedia.org/wiki/Saudi_Arabiahttp://en.wikipedia.org/wiki/Singaporehttp://en.wikipedia.org/wiki/Singaporehttp://en.wikipedia.org/wiki/Slovakiahttp://en.wikipedia.org/wiki/Slovakiahttp://en.wikipedia.org/wiki/Sloveniahttp://en.wikipedia.org/wiki/Sloveniahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Sri_Lankahttp://en.wikipedia.org/wiki/Sri_Lankahttp://en.wikipedia.org/wiki/Sri_Lankahttp://en.wikipedia.org/wiki/Sri_Lankahttp://en.wikipedia.org/wiki/Sri_Lankahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Sloveniahttp://en.wikipedia.org/wiki/Slovakiahttp://en.wikipedia.org/wiki/Singaporehttp://en.wikipedia.org/wiki/Saudi_Arabia
  • 7/27/2019 Rapidly Developing Economies (RDE)

    18/20

    Emerging Markets by Each Group of Analysts

    Country IMFNext-

    11/BRICCIVETS FTSE MSCI

    THE

    ECONOMISTS&P

    DOW

    JONESBBVA

    Columbia

    University

    EMGP

    South

    Korea

    Sudan

    Taiwan

    Thailand

    Turkey

    Tunisia

    http://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Sudanhttp://en.wikipedia.org/wiki/Sudanhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Tunisiahttp://en.wikipedia.org/wiki/Tunisiahttp://en.wikipedia.org/wiki/Tunisiahttp://en.wikipedia.org/wiki/Turkeyhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Taiwanhttp://en.wikipedia.org/wiki/Sudanhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Korea
  • 7/27/2019 Rapidly Developing Economies (RDE)

    19/20

    Emerging Markets by Each Group of Analysts

    Country IMFNext-

    11/BRICCIVETS FTSE MSCI

    THE

    ECONOMISTS&P

    DOW

    JONESBBVA

    Columbia

    University

    EMGP

    UAE

    Ukraine

    Venezuela

    Vietnam

    [edit]Global Growth Generators

    "Global Growth Generators", or3G (countries), is an alternative classification determined byCitigroupanalysts as being

    countries with the most promising growth prospects for 2010-2050. These consist of Indonesia, Egypt, seven other

    emerging countries, and two countries not previously listed before, specificallyIraqandMongolia.

    [edit]Six major emerging economies

    http://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/United_Arab_Emirateshttp://en.wikipedia.org/wiki/Ukrainehttp://en.wikipedia.org/wiki/Ukrainehttp://en.wikipedia.org/wiki/Venezuelahttp://en.wikipedia.org/wiki/Venezuelahttp://en.wikipedia.org/wiki/Vietnamhttp://en.wikipedia.org/wiki/Vietnamhttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=12http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=12http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=12http://en.wikipedia.org/wiki/3G_(countries)http://en.wikipedia.org/wiki/3G_(countries)http://en.wikipedia.org/wiki/3G_(countries)http://en.wikipedia.org/wiki/Citigrouphttp://en.wikipedia.org/wiki/Citigrouphttp://en.wikipedia.org/wiki/Citigrouphttp://en.wikipedia.org/wiki/Iraqhttp://en.wikipedia.org/wiki/Iraqhttp://en.wikipedia.org/wiki/Iraqhttp://en.wikipedia.org/wiki/Mongoliahttp://en.wikipedia.org/wiki/Mongoliahttp://en.wikipedia.org/wiki/Mongoliahttp://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=13http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=13http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=13http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=13http://en.wikipedia.org/wiki/Mongoliahttp://en.wikipedia.org/wiki/Iraqhttp://en.wikipedia.org/wiki/Citigrouphttp://en.wikipedia.org/wiki/3G_(countries)http://en.wikipedia.org/w/index.php?title=Emerging_markets&action=edit&section=12http://en.wikipedia.org/wiki/Vietnamhttp://en.wikipedia.org/wiki/Venezuelahttp://en.wikipedia.org/wiki/Ukrainehttp://en.wikipedia.org/wiki/United_Arab_Emirates
  • 7/27/2019 Rapidly Developing Economies (RDE)

    20/20

    According toWorld Bankissued at May 2011,BRICcountries plusSouth KoreaandIndonesiawill lead the world's

    economy with more than a half of all global growth by 2025.[30]

    BRICFrom Wikipedia, the free encyclopedia

    In economics, BRIC is a groupingacronymthat refers to thecountriesofBrazil,Russia,IndiaandChina, which are all deemed to be

    at a similar stage of newly advanced economic development. It is typically rendered as "the BRICs" or "theBRIC countries" or

    "the BRIC economies" or alternatively as the "Big Four".

    Reference

    Wikipedia (2013) Emerging markets.http://en.wikipedia.org/wiki/Emerging_markets- accessed on 15/03/2013

    Wikipedia (2013) BRIC.http://en.wikipedia.org/wiki/BRIC- accessed on 15/03/2013

    http://en.wikipedia.org/wiki/World_Bankhttp://en.wikipedia.org/wiki/World_Bankhttp://en.wikipedia.org/wiki/World_Bankhttp://en.wikipedia.org/wiki/BRIChttp://en.wikipedia.org/wiki/BRIChttp://en.wikipedia.org/wiki/BRIChttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-30http://en.wikipedia.org/wiki/Emerging_markets#cite_note-30http://en.wikipedia.org/wiki/Emerging_markets#cite_note-30http://en.wikipedia.org/wiki/Acronymhttp://en.wikipedia.org/wiki/Acronymhttp://en.wikipedia.org/wiki/Acronymhttp://en.wikipedia.org/wiki/Countrieshttp://en.wikipedia.org/wiki/Countrieshttp://en.wikipedia.org/wiki/Countrieshttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/People%27s_Republic_of_Chinahttp://en.wikipedia.org/wiki/People%27s_Republic_of_Chinahttp://en.wikipedia.org/wiki/People%27s_Republic_of_Chinahttp://en.wikipedia.org/wiki/Emerging_marketshttp://en.wikipedia.org/wiki/Emerging_marketshttp://en.wikipedia.org/wiki/Emerging_marketshttp://en.wikipedia.org/wiki/BRIChttp://en.wikipedia.org/wiki/BRIChttp://en.wikipedia.org/wiki/BRIChttp://en.wikipedia.org/wiki/BRIChttp://en.wikipedia.org/wiki/Emerging_marketshttp://en.wikipedia.org/wiki/People%27s_Republic_of_Chinahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Russiahttp://en.wikipedia.org/wiki/Brazilhttp://en.wikipedia.org/wiki/Countrieshttp://en.wikipedia.org/wiki/Acronymhttp://en.wikipedia.org/wiki/Emerging_markets#cite_note-30http://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/BRIChttp://en.wikipedia.org/wiki/World_Bank