by Rory Hall, Sprott Money:
If your country is ranked in the top 20 of 190 nations in economic strength are you an “emerging market” or have your “emerged”? Personally, I wouldn’t call a top 20 nation emerging, they have arrived. India 6th, Brazil 8th, Russia 12th and Turkey 17th are all in the headlines as struggling with monetary issues for one reason or another and constantly referenced as an “emerging market”. Why?
It could be argued that China, the second largest economy in the world, is struggling with monetary issues as well. This could have profound effects on the global economy, manufacturing and other areas that connect the global markets.