Key Stage 4
Meaning
An emerging market is a country which is in the process of becoming an MEDC.
NB: Because exam boards are ridiculous, they can't agree on a single phrase for this concept. As a result AQA terms it an NEE (Newly Emerging Economy), Edexcel refers to it as an Emerging Country and OCR refers to it as an EDC (Emerging and Developing Country). Note that Emerging Market is the commonly used expression outside of GCSE's so coming up with these other words only serves to confuse students looking for more information on the subject.