From the Collaborative Bond and Money Market Data Portal.
Definition: Developing Markets are the markets of those nations, where the industrial base is less developed. Developing Markets can be categorized into 1. Emerging, 2. Frontier and 3. Least Developing Markets. Emerging Markets are the group of countries that are progressing towards becoming more advanced or Developed. A Frontier Market is a type of developing market which is more developed than the least developing markets, but too small to be generally considered an Emerging Market. The nations of the Frontier Markets stand at an earlier stage of economic and political development, in comparison to the larger and more mature emerging markets, such as China, Brazil and Turkey. There are various lists, following different criteria that identify Emerging from Frontier and Least Developed Markets or countries. These lists are produced by the FTSE, MSCI, S&P and Dow Jones.