What Are Emerging Markets?

Emerging markets are countries that are restructuring their economies along market-oriented lines and offer a wealth of opportunities in trade, technology transfers, and foreign direct investment. According to the World Bank, the five biggest emerging markets are China, India, Indonesia, Brazil and Russia. Other countries that are also considered as emerging markets include Mexico, Argentina, South Africa, Poland, Turkey, and South Korea. These countries made a critical transition from a developing country to an emerging market. Each of them is important as an individual market and the combined effect of the group as a whole will change the face of global economics and politics.

Best Emerging Market Sites on the Web

Financial Times Emerging Markets The best place on the web for up-to-date emerging markets news. It provides a good mix of insightful, timely articles and breaking news and quotes from emerging equity and capital markets. You will have to register and most of the content requires a paid subscription.

 
Economist This should be one of your first stops when checking emerging markets news and analysis. Solid research, excellent insights on emerging markets, in both weekly news and special sections. It features free clear, concise country briefings with useful facts and figures, some downloadable in Excel format. Like most print publications, you must subscribe to access premium content, but quite of lot of info is there for the taking. Its free email newsletters are very good as well.
 
Forbes Emerging Markets Emerging Markets news, targeting business and investment themes and issues. Key indices for regions and major emerging markets nations. Stories are good, but not comprehensive, as most of the content is based on premium feature material from the hard copy and online magazine.
 
Euromoney Emerging Markets is an excellent, free access source of information. Although intended for investors, bankers and brokers working in the debt markets, it provides a broad range of coverage. A bit technical for some but a must-read for those who wish to track emerging market economies and their capital markets. Requires registration with your email; be sure to review the “opt-out” boxes on the form which may grant Euromoney permission to use your email for marketing purposes. Euromoney operates other premium sites and offers a wide range of big-ticket reports and products. This one is for the rest of us.
 
World News Network A terrific news site. Colorful, well-organized and truly global. One of the few free sites with daily news from Africa. The news is organized by country however, and business stories are mixed with soccer scores.
 
Roubini Global Economics is a highly regarded macroeconomic website. It offers news and links to blogs and leading publications. Designed to keep financial and corporate investors well-informed, most of the content is premium. However, there are solid links to blogs that cover the global economy and emerging markets, including founder Nouriel Roubini, an NYU professor, and former US Treasury executive Brad Setser.
 
globalEDGE™ is a knowledge web-portal that connects international business professionals worldwide to a wealth of information, insights, and learning resources on global business activities. Partially funded by a U.S. Department of Education Title VI B grant, this site is largely hit or miss. Some of the country information is very basic world atlas data, but there are some excellent insights. Spend a few minutes surfing. Of particular interest: the Market Potential Indicators
 
Asia Inc is the website of Asia Inc magazine. Articles from previous issues are free to non-subscribers. The content is less hardcore than most Asian business sites, and you can get a feel for the business culture of the leading Asian economies and read about mover and shakers. The “Who’s Hot in Asia” section is interesting.
 
Campbell R. Harvey’s Homepage Campbell R. Harvey is Professor of International Business at Duke University and a Research Associate of the National Bureau of Economic Research. An excellent collection of online content and downloadable research, much of which relates to emerging markets. An absolute must—Campbell’s Country Risk Analysis section.
 
The International Finance Corporation The International Finance Corporation (IFC) promotes private sector investment in developing countries. Not geared to passive investors, but there is a great deal of excellent information and data relating to business in emerging markets. Check out the Research Desk link. A member of the World Bank Group.
 
International Monetary Fund The IMF is an organization of 184 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty. In emerging markets circles, the IMF is either a hero or goat because of the conditions it attaches to its economic aid. Nevertheless, the IMF is active in most emerging markets, and it offers a wealth of free economic reports and papers on individual economies. You won’t find any company research and much of the content deals with bureaucratic issues, but there is plenty of good stuff, most of it free.
Business Monitor International This is an excellent site intended for professionals and businesspeople involved in global emerging markets trade and investment. Their products include daily, weekly, monthly and quarterly services covering political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Very little free content here, but BMI does offer very good free email newsbriefs, by region.
 
Stratfor Offers “predictive intelligence” covering geopolitical trends around the world. Stratfor specializes in providing situational awareness, focused insight and actionable intelligence in the areas of geopolitics, security and public policy. The company sells a variety of reports and offers custom services to clients. However, it has some provocative free content including “Breaking Intelligence” on its home page and several free intelligence reports available via email. Sometimes, the material is directly relevant to emerging markets investing, such as several articles about the Asian energy sector. Much of the content focuses on political issues such as recent items on Hugo Chavez and Hamas.
 
Mexican Ministry of Finance and Credit An excellent site for Mexico watchers. Hosted by the Mexican Finance Secretariat, this site includes information on public finance, economic programs, and financial activities in Mexico. This represents a great step forward for the emerging market sector, where governments are often vague and ambiguous about their financial policies. It is designed to increase confidence in the Mexican economy and is a must for anyone owning or considering Mexican stocks.

 

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