Phrase People Emerging Developing Markets Terminology Word Definition

Use of the "term" (a word or phrase with a specific definition or meaning) "emerging market" is "controversial" (with people strongly disagreeing about whether something is good or bad), mostly because the phrase seems to "imply" (mean that something is true) that the market will continue to improve, but in reality, it could "stagnate" (stay constant) or "weaken" (lose its strength).

In the past, people used the phrase "less developed countries" to talk about markets that were not as developed as the economies of the United States and Western Europe. But some people thought the phrase was "politically incorrect" (a phrase that is considered rude or inappropriate and that some people believe is offensive), so they "switched" (changed to something else) to "emerging markets." Some people "prefer" (like more) to use the phrase "rapidly developing economies."

Some "academics" (people whose job is to study and who are "affiliated with" (connected with) universities) are more specific, referring to the "principal" (main) developing countries as "BRIC" (Brazil, Russia, India, and China) or similar "acronyms" (words made from the first letter of each word in a phrase) such as "BRICET" (BRIC, Eastern Europe, and Turkey).

"Given that" (considering that) the terminology and the definition of "emerging markets" is "in flux" (changing), it can be very difficult to have a conversation about emerging markets. However, "investment firms" (companies that place large amounts of money in businesses to try to make a profit) are constantly "revising" (editing; updating) their lists of the world's most promising developing economies.