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The research on emerging markets is diffused within Management literature. While researchers including C. K. Prahalad , George Haley , Hernando De Soto , Usha Haley and several professors from Harvard Business School and Yale School Of Management have described activity in countries such as India and China, how a market emerges is little understood. It appears that emerging markets lie at the intersection of non-traditional user behavior, the rise of new user groups and community adoption of products and services, and innovations in product technologies and platforms. The term "rapidly developing economies" is now being used to denote emerging markets such as The United Arab Emirates , Chile and Malaysia that are undergoing rapid growth. In recent years, new terms have emerged to describe the largest developing countries such as BRIC and BRIMC . These countries do not share any common agenda, but some experts believe that they are enjoying an increasing role in the world economy and on political platforms. LIST OF COUNTRIES All Country World Index by Morgan Stanley Capital International 2006]] The list tracked by The Economist is the same, except with Hong Kong , Singapore and Saudi Arabia included ( MSCI classifies the first two as Developed Markets) -- and Jordan omitted. TOP 4 EMERGING MARKETS According to the latest findings from the Grant Thornton International Business Report (IBR) published on April 19 2007, Mexico , Indonesia , Pakistan , and Turkey are the emerging markets to watch. They have identified them as the next generation of emerging economies set to have significant impacts on the world economy, although Mexico was already identified as an important economy in studies such as BRIMC (Brazil, Russia, India, Mexico and China), or as part of the G8+5 . These countries may match or even overtake some of the commonly identified BRIC economies (Brazil, Russia, India and China) which are expected to join the global economic powers, although these economies are unlikely to match India or China in strength. {Link without Title} According to CEO of Grant Thornton, Indonesia and Pakistan , with their large populations, have the potential to grow their labour intensive exports and could capitalize on the process of low-cost production that mainland China has so successfully exploited. SEE ALSO REFERENCES
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