Revisiting The Emerging Market Category: Does BRIC and MINT still apply for future research?

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Emerging Markets has since the end of the 1980’s received substantial attention by both practitioners and scholars. The notion of BRIC and MINT has often guided the discussion and acted as empirical point of departure. However, the term “emerging markets” suggest that countries “emerge” from less-developed status and join the group of developed countries. The notion of “emerging markets” per se should therefore predict that over time some of the countries characterized by this category would either retro- or progress beyond their status as emerging market. The purpose of this paper is to revisit the emerging market category to identify and reflect on the potential development of countries previously categorized as emerging markets. Using concurrent economic data from the World Bank, we aim to provide an answer to the question: which countries can currently be classified as emerging markets, and to which extent does existing notions of BRIC and MINT stilly apply for future research? We find that 38 countries currently can be identified as emerging markets and that the notions of BRIC and MINT to some degree still apply for future research.
Original languageEnglish
Publication date13. Dec 2018
Number of pages23
Publication statusPublished - 13. Dec 2018
EventInternational Business Review (IBR) paper development workshop: 44th EIBA Conference - Poznań University of Economics & Business, Poznań, Poland
Duration: 13. Dec 201813. Dec 2018


WorkshopInternational Business Review (IBR) paper development workshop
LocationPoznań University of Economics & Business
Internet address


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