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Emerging markets are nations with social or business activity in the process of rapid growth and industrialization.

The economies of China and India are considered to be the largest.

According to The Economist many people find the term outdated, but no new term has yet to gain much traction.

Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $ 121 billion.

The seven largest emerging and developing economies by either nominal GDP or GDP ( PPP ) are China, Brazil, Russia, India, Mexico, Indonesia, and Turkey.