Or an emerged market?
In our initial look at emerging markets , we saw that Brazil is included.
And if we look at its overall market characteristics, Brazil probably should be classified as an emerging economy. But in other aspects, perhaps not.
Consider today’s slightly funny example.
Emerging Does Not Always Mean Small
Often emerging markets have relatively small economies. Malaysia, Peru, Thailand come to mind. And frontier markets such as Romania, Tunisia, and the Ukraine.
But an emerging market is not necessarily small.
In 2011, Brazil passed the UK to become the world’s sixth largest economy . Not what one likely associates with an emerging market economy. Adding further insult to the UK and its fully developed market, is the expectation that two other emerging markets, Russia and India, will surpass the UK as well over the next decade.
And we cannot ignore China. Its emerging market is already the world’s second largest economy. Including China, four of the world’s top 10 economies are from emerging market nations.
With four of the top 10 global economies, these emerging market countries exceed many other developed nations. Australia, Canada, Spain, and other developed markets rank below the top 10.
When assessing investments, do not automatically equate emerging markets with small economies.
But huge economies being considered as emerging is not the funny part.
The funny part relates to foreign aid.
Although managing a smaller economy than Brazil, the UK still provides them with foreign aid . Not something that makes many Brits happy. And up until this year, the UK was financially assisting China and Russia as well.
Again, the Brits are not alone. As a Canadian taxpayer, I am helping fund several countries with larger economies  than Canada’s. Including all four of the emerging markets in the world’s top 10 economies.
A list that Canada does not make. Perhaps because we finance the development of other countries, instead of our own (yes, I realize other factors are also involved in foreign aid)?
Pretty funny stuff.