This article is about the heterogeneity of "emerging economies" and their different development processes, followed by the analysis of the new international division of labor emerging with their boom, the strong growth and the rapid pace of industrialization of several Asian countries, the moderate growth in Latin America and its early deindustrialization, the trends in wages and working conditions, the trends in poverty together with the increase in middle classes, and finally we conclude with questions concerning the future of these economies. Are emerging economies on the verge of encountering significant economic problems? Are the growth and export rates reduction in China, the slowing down of growth and the return of external constraints in many Latin American countries the first signs of these difficulties?
