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What are emerging markets?

What are emerging markets? Here are some definitions.

Noun
  1. plural of emerging market
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The world will have almost two billion handphone users by 2006, thanks in part to growth in emerging markets such as India and China.
As bearishness has spread across the globe, investors have been quick to take profits and withdraw from riskier areas such as emerging markets.
If you're looking to find the next economic superpower, you have to realize that most emerging markets stay emerging markets.
There are more than 100 emerging markets around the world that have dynamically growing telecom sectors.
It failed to prevent or deal with financial crises in emerging markets because of its aggressively procyclical conditionalities.
Perhaps a better remedy is for emerging markets to just avoid hot money if their financial systems can't handle it.

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