As an AI language model, I can provide you with a list of emerging markets that are projected to experience substantial growth and development by 2023. However, please note that future economic conditions are subject to various factors and can be unpredictable. Here is a list of potential emerging markets based on current trends and forecasts:
1. India: With its expanding middle class and ongoing reforms, India is expected to be one of the fastest-growing economies globally.
2. China: Despite being already a major player, China’s continuous development and urbanization make it a significant emerging market.
3. Indonesia: Its large population, natural resources, and efforts in infrastructure development make it a promising emerging market.
4. Brazil: The ongoing economic reforms, vast natural resources, and growing consumer market make Brazil a prominent emerging market.
5. Mexico: Strong manufacturing base, proximity to the United States, and a growing middle class contribute to Mexico’s emergence as an economic powerhouse.
6. Turkey: Strategic location, young population, and government initiatives to attract foreign investment indicate Turkey’s potential as an emerging market.
7. Vietnam: With its low-cost labor, favorable business environment, and inflow of foreign investments, Vietnam has been experiencing rapid growth.
8. Philippines: The country’s young workforce, strong remittances, and government focus on infrastructure development make it an emerging market to watch.
9. Nigeria: With its large population, expanding consumer market, and diversification efforts beyond oil, Nigeria shows potential for significant growth.
10. Colombia: Improving security, stable economic policies, and growing sectors like energy and technology position Colombia as an emerging market.
Please note that this is not an exhaustive list, and other countries or regions may also represent emerging markets in 2023.