(economic meaning of the index – it's a very dubious concept, the meaning of which is a function of the significance of the stock market in each case; Nevertheless..)
MSCI has a group of world / regional indices, where country / region is not weighted by capitalization,
and by GDP. получается то, what happens (IMHO, it is simply a more convenient product to sell as an underlying asset for funds / derivatives).
you can see more details .
