meg
“South American neighbors who would be amused at your categorization of them as emerging economies…”
“to be classified as emerging by you…”
Psst JoB, LOL this classification is OLD news to them. I never classified or categorized, I just referred to their “Emerging” status given by the following Analysts within the last year or two – some of the lists updated as recently as July and November of 2012:
* The IMF
* The S&P
* Columbia U’s EMGP
* FTSE List of Emerging Economies
* MSCI Barra
* S&P List
* DowJones List
* Frontier Strategy
* BBVA Research
* Emerging Market Index
Fascinating the countries that used to be Junk rated are becoming Investment grade, while those who are (or were recently) Investment grade are becoming Junk. Spain comes to mind. Here’s a great BBC hour-long documentary on what’s happening currently in Spain: