coined in 2001 for four countries poised to experience profound growth and structural change . Twenty years on , Brazil and Russia have fallen away after a strong start , and while the outlook for India remains promising , China is in a class of its own . So where will the drivers of emerging market growth come from over the next 20 years ?
T . Rowe Price Frontier Markets Equity ’ s Johannes Loefstrand says the starting point is countries with more than 100 million people and underdeveloped economies that have shown sustained structural growth .