Financial Times FT.com

A patchwork of changing status

By Stacy-Marie Ishmael

Published: December 3 2007 02:00 | Last updated: December 3 2007 02:00

These days, if you ask 10 fund managers to define an emerging market, you are likely to get 10 different answers.

Some observers believe east Asian areas such as Singapore, Hong Kong, South Korea and Taiwan, are no longer emerging but have emerged.

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