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Non-Tech : The Brazil Board -- Ignore unavailable to you. Want to Upgrade?


To: Julius Wong who wrote (276)5/10/2011 12:44:00 PM
From: elmatador  Respond to of 2508
 
Emerging Markets: Primed to Take Over the Next Leg of Global Growth
...
Our analysis here suggests that EM economies are primed to take over the next leg of global growth, driven by the need to generate a better standard of living, financed by stronger growth. On most metrics, the EM-DM divide has reduced dramatically. On our ‘narrow’ definition of relatively higher frequency and bread-and-butter macroeconomic indicators, the EM world is firmly in the driver’s seat. For most broader measures of development too, EM performance has been remarkable and remains promising.

The biggest risks to the global economy at this moment are from the well-known macroeconomic risks from the DM world and less obvious risks to social and political structures from rising inequality in the EM world. The balance of risks certainly points heavily towards leading EM economies taking up their rightful place in the DM world before too long, with other hopefuls not too far behind. Are EMs the new DMs? Yes. The transformation is not yet complete but is coming along very nicely!

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