I will show this the best I can ..

US--GERMANY--UK--FRANCE
JAPAN--SINAPORE--TAIWAN--HONG KONG--SOUTH KOREA

AUSTRALIA--MALAYSIA--PORTUGAL--GREECE
NEW ZEALAND--CHILE--TURKEY--MEXICO

VENEZUELA--INDONESIA--COLUMBIA--PERU
PHILIPPINES--INDIA--ARGENTINA--BRAZIL

EGYPT--ALGERIA--MOROCCO--KENYA--ANGOLA--CAMEROON--VIETNAM--CARRIBEAN--CHINA
HUNGARY--CZECHOSLOVAKIA--POLAND
RUSSIA--BURMA--NORTH KOREA--MONGOLIA--CUBA--NICARAGUA

Would you care to expand on this for those of us who are less worldly?

Sorry my friend..the fountain of wealth attempts to categorise emerging markets according to their level of economic development and prosperity...the analogy of a fountain is excellent, as water flows down from a higher level just as money flows down from rich countries (with high price levels) to poor countries with low price levels..the ones at the bottom are still in phase zero but could move into phase one at any time, provided the economic and legal infrastucture needed to attract foreign direct investors is put in place...countries like argentina can move very quickly from one phase to another...There is a great deal of money to be made by investing in emerging markets at just the right time...and remember your choice of country can be more important than your choice of share...cuppiche? however if you are not familiar then dont put any capital on the block...or you will be burned!! (badly) One thing which is worth noting however, is how markets follow in sympathy NOW THIS IS USEFUL...
Kindest regards....