Emerging markets cannot save the world

Emerging markets cannot save the world - Emerging markets...

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Emerging markets cannot save the world By Mark Williams (senior economist at Capital Economics ) This is the last answer for the article “Can Emerging markets save the world economy? ( by his own ) ” High growth and financial stability in emerging economies are helping to facilitate the massive adjustment facing industrial countries BUT strong growth in emerging market economies over the next few years will not be enough to rescue the rest of the world. To let the developed world out of its malaise, there will have to be significant growth in import demand from some markets like China, the rapid growing country or the oil producers. Distribution as well as growth matter. Emerging economies still need to manage better their growing domestic tensions, which reflect rising income inequality and uneven access to basic services. A failure on this front would derail their strengthening domestic and regional growth dynamics. While emerging economies can deal with the economic slowdown in
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This note was uploaded on 05/02/2011 for the course FINANCE 9924603 taught by Professor Ssgdbfb during the Spring '11 term at Kyung Hee.

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Emerging markets cannot save the world - Emerging markets...

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