Countries in the process of building market-based economies are broadly referred to as emerging markets, though there are major differences among the countries included in this category.

The market of a developing country with high growth expectations.

A market with short or uncertain history, such as that of a developing country.

1) Any market that has introduced public trading of securities since roughly 1970. 2) Any market that is not one of the ten largest securities markets in the world. There is no uniform standard for inclusion or exclusion from the emerging market category, and small markets are called “emerging” even when trading activity has been declining and economic prospects are grim. There is an element of political correctness to this term. The “emerging nations” where these markets are located have been known variously as developing nations, less-developed nations, underdeveloped nations, the third world, and have-not nations.

A developing or newly industrialised country. Low GDP per head. Can deliver high returns due to rapid pace of industrialisation but can be risky due to poor legal protection, currency, custody & settlement risk, government corruption etc.

Generally seen as one where one or more of the following applies:- (1) the currency is freely tradeable but its country’s economy is small when viewed on a global scale (2) central government imposes some form of restrictions and/or exchange controls on the currency (3) there is the perception of political and/or economic instability that could lead to a change in the currency's status.

Typically companies and/or governments that are located in countries that have the potential for rapid growth and are moving toward free-market policies. These markets are in various stages of economic development and often have a competitive advantage in certain key industries. Eastern Europe, Asia, Latin America, Africa and the Middle East are considered to include emerging markets.

Financial markets in Latin America (e.g. Brazil, Argentina), Africa, former communist countries in Eastern Europe and parts of Asia (e.g. Thailand).

a country that has a low to middle per capita income and is carrying out economic reforms to achieve a stronger and more responsible economic performance

a market from which one cannot emerge in an emergency

a new or developing market for the applicant

a securities market smaller in size than the United States or having a shorter operating history

a securities market that is either small, or has a short operating history when compared with the major stock markets

Markets in securities in newly industrialized countries and in countries in Central and Eastern Europe and elsewhere, in transition from planned economies to free-market economies and in developing countries with capital markets at an early stage of development. Examples are the stock exchanges in Mexico, Thailand and Malaysia.

Any country that is attempting to improve its economy, and whose economy generates a gross national product per capita of less than $10,000 annually.

A financial market of a developing country with high growth expectations.

The financial markets of developing economies.

An emerging market has a very high growth rate, which yields enormous market potential. It is distinguishedby the recent progress it has made in economic liberalization.

A stock or bond market in an economically developing country. Emerging markets are extremely volatile, but they offer the potential to share in the early stages of a country's economic growth.

Refers to the financial market or economy of a developing nation, which is often new or has a short history.

the market in a developing country that is becoming more developed.

Immature securities market in which there is not a long history of substantial foreign investment.

A sector within international stocks made up of developing countries, such as Kenya and China, where economic and political conditions may be more volatile.

a Third World country that is poised for strong economic growth. There are many emerging markets in such areas as Eastern Europe, Asia and South American. In fact, there are a variety of mutual funds that invest in these emerging markets.

a country in the developing world (which may include countries in Eastern Europe, Asia, and Latin America) poised for economic growth; some mutual funds invest specifically in emerging markets