There is nothing ’emerging’ about emerging markets

I am still shocked that most people in America and generally Western Europe don’t get that today there is nothing ‘emerging’ about ‘emerging markets’. Other than legacy terminology. What we call ‘emerging’ are economies which are some of the most cash-rich, innovative, fast-moving and have some of the best educational systems in the world. And if we don’t wake up and smell the coffee, we will all work for them very soon. Samsung employees over 270,000 people, is world leader in products the majority of Korea couldn’t even afford 10 years ago and today they sell more of them than anyone in the world (phones & TVs included). The world is moving incredibly fast and we are still tied to outdated terms like emerging markets. Let’s wake up!