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The 30 Emerging Market Countries: New Developments and Changes

Author

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  • Biliang Hu
  • Yingzi Qu
  • Qingjie Liu

Abstract

The global economic development of nations worldwide faces formidable challenges due to a confluence of factors, including the widespread COVID-19 pandemic, the Russia–Ukraine conflict, and interest rate hikes in the United States and Europe. Has the developmental momentum of emerging market countries stalled due to these global crises? This is a topic of widespread concern. This study demonstrates that emerging market countries have exhibited remarkable resilience. The collective ascent of emerging market countries is an objective fact, and this upward momentum has remained unimpeded despite challenges such as the COVID-19 pandemic. Emerging market countries continue to make increasingly substantial contributions to global economic growth, and their pace of economic development continues to accelerate, surpassing that of developed nations. China, Chile, Malaysia, and other countries continue to lead the strong momentum in the economic development of emerging market countries. However, emerging market countries need to enhance their capacity for innovation, particularly focusing on strengthening education and financial development. JEL Classification F21, F23

Suggested Citation

  • Biliang Hu & Yingzi Qu & Qingjie Liu, 2025. "The 30 Emerging Market Countries: New Developments and Changes," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 17(3), pages 313-335, September.
    • Handle: RePEc:sae:emeeco:v:17:y:2025:i:3:p:313-335
    DOI: 10.1177/09749101251343936
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    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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