Emerging market Emerging market An emerging market is a country that has some characteristics of a developed market, but does not satisfy standards to be termed a developed market. This includes countries that may become developed markets in the future or were in the past. The term "frontier market" is used for developing countries with smaller, riskier, or more illiquid capital markets than "emerging". The economies of China and India are considered to be the largest emerging markets. According to "The Economist", many people find the term outdated, but no new term has gained traction. Emerging market hedge fund capital reached a
Religion in Russia in [[Kaliningrad Oblast]]. In cities like Moscow, Saint Petersburg and [[Samara]], often up to 1% of the population identify as Buddhists. Buddhism in Russia is almost exclusively of the [[Tibetan Buddhism|Tibetan]] [[Vajrayana]] schools, especially [[Gelug]] but increasingly also [[Nyingma]] and [[Kagyu]] ([[Diamond Way Buddhism]]). There are many Russian converts, and the newer schools have been often criticised by representatives of the Gelug as the result of a Russianised ("Rossiysky") Buddhism and of Western Buddhist missionaries. [[File:A Russian Hindu girl.jpg|thumb|A Russian Hindu girl.]] Hinduism, especially in the forms of Krishnaism, [[historical Vedic religion|Vedism]] and [[Tantra|Tantrism]], but also in other forms, has