The Economic Times

Emerging Markets is obsolete: India, Taiwan and South Korea no longer fit neatly in the same box

Current classifications distinguishing between emerging and developed financial markets fall short of accuracy, as illustrated by South Korea and Taiwan's advanced economic standing. Meanwhile, Bulgaria's classification as a frontier market seems contradictory to its EU affiliation and growth. Therefore, a more sophisticated framework is crucial for investors, aiming to gain insights into the intricate realities of these diverse markets.