How does understanding emerging market help one understand global economic and financial markets?
Understanding emerging markets can help you get a feel for how a country’s GNP might change in the near future. For example, if a company in a third-world country expects to be able to produce some top quality electronics in the next few years, you might want to jump in the derivatives (specifically futures or maybe forex) market and grab up some assets so that you as a trader could later make a killing when the market is fully fledged.