De Engelse term frontier market verwijst naar ontwikkelingslanden die tussen twee groepen landen invallen: minst ontwikkelde landen en opkomende markten (emerging markets). Frontier markets worden dus beschouwd als verder in hun ontwikkeling dan de minst ontwikkelde landen, maar nog niet ontwikkeld genoeg voor de status ‘opkomende markt’.
De term werd voor het eerst gebruikt in 1992. Een andere benaming die ook wel eens gebruikt wordt is pre-emerging markets.
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