<P> The research on emerging markets is diffused within management literature . While researchers including, George Haley, Vladimir Kvint, Hernando de Soto, Usha Haley, and several professors from Harvard Business School and Yale School of Management have described activity in countries such as India and China, how a market emerges is little understood . </P> <P> In 2009, Dr. Kvint published this definition: "Emerging market country is a society transitioning from a dictatorship to a free - market - oriented - economy, with increasing economic freedom, gradual integration with the Global Marketplace and with other members of the GEM (Global Emerging Market), an expanding middle class, improving standards of living, social stability and tolerance, as well as an increase in cooperation with multilateral institutions" In 2008 Emerging Economy Report, the Center for Knowledge Societies defines Emerging Economies as those "regions of the world that are experiencing rapid informationalization under conditions of limited or partial industrialization ." It appears that emerging markets lie at the intersection of non-traditional user behavior, the rise of new user groups and community adoption of products and services, and innovations in product technologies and platforms . </P> <P> More critical scholars have also studied key emerging markets like Mexico and Turkey . Thomas Marois (2012, 2) argues that financial imperatives have become much more significant and has developed the idea of' emerging finance capitalism' - an era wherein the collective interests of financial capital principally shape the logical options and choices of government and state elites over and above those of labor and popular classes . </P> <P> Julien Vercueil recently proposed an pragmatic definition of the "emerging economies", as distinguished from "emerging markets" coined by an approach heavily influenced by financial criteria . According to his definition, an emerging economy displays the following characteristics: </P>

Which one of the following countries is not considered a big emerging market in latin america