The Lost Decade!

“An emerging market is a country where politics matters at least as much as economics to the market.”- Ian Bremmer.

The phrase “Emerging Market” was coined in 1981 by Antoine van Agtmael, the then Deputy director of the capital markets department of the World Bank’s International Finance Corp. (IFC), as a euphemism for third-world countries. According to Antoine:

“People looked down upon the ‘Third World.’ It sounded so distasteful. I thought people with that feeling would never invest,”

According to Wharton Faculty, the emerging economy is characterized by the evolution of its economic and political institutions, such as the rule of law, regulatory controls and enforcement of contracts.

The emerging economy is poised for growth as it transforms into an economy that is more transparent and fosters the ease of doing business, welcoming foreign capital. As a result, emerging economies un…