Emerging markets and regional trade zones

Watch the video and then summarise what you have learned.

An emerging market is a nation’s economy that is progressing toward becoming advanced, as shown by some liquidity and local debt and equity markets and the existence of some form of market exchange and regulatory body.

Emerging markets generally do not have the level of market efficiency and strict standards in accounting and securities regulation to be on par with advanced economies, such as the United States, Europe, and Japan. But emerging markets will typically have a physical financial infrastructure, including banks, a stock exchange, and a unified currency. How big are emerging markets?