DOES EMERGING MARKET HAVE A FUTURE? IS THE GREAT CONVERGENCE A REALITY? A GREAT SHIFT IS EXPECTED IN THE WORLD ECONOMY AS EMERGING MARKETS GROW. THE QUESTION IS 'DO TRADING VOLUMES TUMBLE?' YOU GET TO KNOW WHY. The weakness in emerging markets should not be seen as a signal of a broad global economic deterioration that could spread and tip the world back into a global recession. It is an indication of improving world economy. Understanding emerging markets must embrace knowledge of what drives trading volumes. A major driver is share price volatility and this cannot be ignored.