Synonyms: EM, Emerging Economies
“Emerging” is an adjective used to describe a market that has many characteristics of a developed market, but has not yet fully meet its standards.
Markets described as emerging may include markets that are likely to become developed markets in the future or perhaps were at some stage in the past. As an emerging market progresses in its development it will become more and more entangled with the global economy, often characterised by things like increased liquidity, more foreign direct investment, an increased trade volume and the development of more complex (modern) financial institutions domestically.
E.g. currently the likes of India, Russia, China, Brazil and Saudi Arabia are widely considered to be emerging markets.