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emerging market

noun

a market in a less developed country whose economy is just beginning to grow: emerging markets open to foreign investors.

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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Collins

World English Dictionary

emerging market

—n
	a financial or consumer market in a newly developing country or former communist country

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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