Social Sciences in China (Chinese Edition)

No.10, 2018

Comprehensive Estimation of Emerging Market Countries and Their Development Prospects

(Abstract)

Hu Biliang, Tang Xing and Yin Lin

The 21st century has seen the rise of a group of emerging market countries that have become an important driver of global economic growth with an increasingly important role in global governance. The current concept of “emerging market countries” is vaguely defined; it occupies a very one-sided position in Western discourse, one that has little connection with reality. On the basis of the historical experience and realities of third world development and the basic theories of development economics, we constructed a comprehensive indicator system along the five dimensions of total scale, institutional environment, economic growth, socioeconomic structure and development dynamics that selected 30 emerging market countries from 183 countries and regions, providing an analytical framework and theoretical support for strengthening South-South Cooperation.