The chapter aims to discuss interplay between talent development and a firm’s absorptive capacity in different country-specific settings. It specifically focuses on the largest emerging markets: Russia, Brazil, and China. We elaborate on how talent development may increase the overall level of absorptive capacity (AC), namely knowledge acquisition, assimilation, transformation and exploitation, and how the context may impact the intensity and scale of this effect. We show how emerging market contexts shape a diverse organizational environment, whereas talent development acts as a booster for AC. We suggest the necessary conditions for talent management (TM), specifically for talent development, to leverage knowledge acquisition, assimilation, transformation and exploitation.