NEW YORK ( TheStreet) -- As 2010 ends, the U.S. economy remains battered and the European debt crisis continues. It was a strong year, however, for Emerging Market Economies - China, India, Brazil, Russia and Indonesia. EMEs are growing in importance; the voting power of these economies at international financial forums widened by 3%-7% in 2010. Furthermore, in 2011, EMEs are likely to have a greater say in UN bodies such as G-20 and APEC. Notably, in 2009, China surpassed the U.S. as the largest automobile market, and Germany as the largest exporter.Even as China prepares to deploy more monetary weapons to tackle rising inflation, the Shanghai Composite slumped 16.1% during the past year. Brazil's Bovespa edged 0.8% lower. However, India's Nifty rose 16.5% on a year-to-date basis. Meanwhile, the S&P 500 and Dow Jones posted 12.9% and 11% increases, respectively.
Top 10 Emerging Markets Stocks in 2010
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