When investors think about emerging markets, they usually focus on the popular BRIC countries of Brazil, Russia, India, and China. But increasingly, even smaller countries are gaining investor attention.

In the following video, Fool markets analyst Mike Klesta talks with Fool contributor Dan Caplinger about the promise of frontier markets. As Dan notes, markets in areas such as the Persian Gulf, Latin America, and elsewhere are giving the BRIC countries a run for their money. Dan and Mike discuss how you can get exposure to these high-growth markets as well as some of the risks involved.

Fool contributor Dan Caplinger owns shares of Vanguard Emerging Markets ETF. Mike Klesta and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.