Critics Argue Emerging Markets Label Overlooks Countries' Complex Realities
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The term "emerging markets" reduces countries to investment targets for global finance, ignoring their complexity and challenges.
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The categorization shares a lineage with Eurocentric and Orientalist views that dismissed non-European civilizations.
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Rich world policies often impact emerging economies with little consideration of spillover effects.
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However, some global finance professionals have lived experience of emerging market complexity that informs their investments.
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Retiring the term may foster more empathy from advanced economy policymakers.