Emerging Countries: concept, what they are and list

Emergent country is an expression for countries whose economy will grow within a decade or two.

For this classification, several economic and social indices are combined.

What are?

Emerging countries are thus classified according to the per capita income of their inhabitants. This can be high, medium and low.

Among the countries that have average income, one seeks precisely those with the highest levels.

Besides the per capita income, an emerging country stands out in the growth of a specific sector of the economy. Thus, this would make it interesting for foreign investment, multinationals and multilateral organizations.

The size of the domestic market in the country in question is also assessed. Those with a larger population are more likely to expand their domestic market.

This evaluation also takes into account the Human development Index.

The main difference between emerging countries and developed countries is that these are not dependent on raw materials.

After all, these countries have products with added value and a diversified economy. These factors allow them to overcome economic crises more quickly than a country with fewer resources.

List of Emerging Countries

Map of Emerging Countries (in blue)

In 2001, studies by the financial consultancy Golden Sachs pointed out the BRIC like the new emerging countries of the 21st century.

Now, some countries have been included in this select group.

According to the 2014 report by BBVA and the World Bank, in 2015, in the next ten years these will be the emerging countries:

Asia

• China
• India
• Indonesia
• Hong Kong

Latin America

• Mexico
• Brazil
• Colombia
• Peru

Europe

• Russia
• Turkey

Africa

• Morocco
• Nigeria
• South Africa

We can conclude that the weight of emerging countries in the world will continue to increase.

Likewise, we see that world power moves to the Pacific. After all, we are seeing greater population growth in this region, more weight of the middle class and increased internal spending for better infrastructure.

read more:

• Underdeveloped countries
• New Asian Tigers
• G20 - Group of Twenty
• Extractivism