Emerging Markets Definition
Countries which can be attractive for potential investments, but lack some standards of developed markets (for example, liquidity, political risk, macroeconomic stability). Assets such as stocks and bonds from emerging markets tend to be riskier and less liquid, but can possibly earn higher returns.
List of Emerging Markets
The biggest emerging markets include the "BRIC" (Brazil, Russia, India, China), as well as Mexico, Turkey, or South Africa.
There are no hard and fast rules which countries are developed, and which are emerging. Some can belong to either group, depending on source (for example, South Korea or some Southern European countries).