Business and Personal Finance Dictionary

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• EMERGING MARKET
  
  Countries in the process of building market-based economies are broadly referred to as emerging markets, though there are major differences among the countries included in this category. Some emerging-market countries, including Russia, have only recently relaxed restrictions on a free-market economy. Others, including Indonesia, have opened their markets more widely to overseas investors, and still others, including Mexico, are expanding industrial production. , Their combined stock market capitalization is less than 3% of the worldwide total.
  
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