In the first in a series of special articles from key industry figures to mark FinanceAsia's 20th anniversary, Mark Mobius, the chairman of Templeton Emerging Markets Group and an icon in the emerging markets space, discusses some of the changes he has seen in the past two decades.
When we started the first listed emerging markets fund in 1987, the term “emerging markets” was new. Previously, these countries were known as “underdeveloped”, “third world”, “poorer nations”, “the South” or other names with negative connotations.
Calling them “emerging” came from the realization that as they adopted market-oriented policies, they could achieve very high growth...
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