Emerging markets - Latin America

KNOWLEDGE CENTRE

In the second of a series of topical briefing notes, Knowledge Centre considers the role emerging markets play in the global economy

What exactly is an emerging market? The term "emerging market" was first coined by the World Bank in the early 1980s. It denotes an economy that is beginning to emerge on to the world stage, usually with a nascent stockmarket that is in the early stages of allowing investment from abroad. Emerging markets generally have low to middling per capita income and are in the process of implementing economic developments and reforms. They may be in historically poor nations that are moving from a subsistence economy, or in many cases they may be former communist states that have adopted free marke...