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Emerging markets are nations with social or business activity in the process of rapid growth and industrialization. The economies of China and India are considered to be the largest.[1] According to The Economist many people find the term outdated, but no new term has yet to gain much traction.[2] Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion.[3] The seven largest emerging and developing economies by either nominal GDP or GDP (PPP) are China, Brazil, Russia, India, Mexico, Indonesia, and Turkey. [pic]

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(only countries whose 2011 results were determined as of February 2012) |Rank |Country | | |1 |[pic] Qatar |18.7 | |2 |[pic] Ghana |13.5 | |3 |[pic] Turkmenistan |9.9 | |4 |[pic] Iraq |9.6 | |5 |[pic] China |9.5 | |6 |[pic] Papua New Guinea |9 | |7 |[pic] Argentina |8.8 | |8 |[pic] Mongolia |8.5 | |9 |[pic] Turkey |8.5 | |10 |[pic] Sri Lanka |8.3 | |11 |[pic] Laos |8.3 | |11 |[pic] Eritrea |8.2 | |12 |[pic] Bhutan |8.1 | |13 |[pic] India |7.8 | |14 |[pic] Ethiopia |7.5 | |15 |[pic] Panama |7.4 | |16 |[pic] Timor-Leste |7.3 | |17 |[pic] Mozambique |7.2 | |18 |[pic] Afghanistan |7.1 | |19 |[pic] Equatorial Guinea...
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