There is no single definition for emerging markets, and the term itself could be misleading because “emerging” indicates that a country is growing and will potentially become a developed nation. This may not be the case.
Emerging market economies are seen as different to developed countries based on the size and stability of their financial markets and economies. Economic indicators are used to predict how much corruption there is in the country; how stable the political situation is; global trade and economic variables (such as long-term inflation rates); employment rates and standard of living, as well as the country’s financial and physical infrastructure.
An emerging market may rank low on any one of these criteria, but not necessarily all. As opposed to considering it in absolute turns, it could be viewed as a ranking system, where the countries that rank highest are considered developed, while the ones that rank low are considered emerging. Some emerging markets have better economies and infrastructure than others.