In McKinsey Quarterly, Ian Bremmer writes, “It’s been nearly three decades since Antoine van Agtmael coined the term ‘emerging market’ to describe the waking giants of the developing world. During that time, we’ve come to think of emerging markets—including the so-called BRIC nations of Brazil, Russia, India and China—as immature states in which political factors matter at least as much as economic fundamentals for the performance of markets. As globalization … Keep reading