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Will a political ‘lost decade’ upend EM growth hopes?

Martin Currie’s emerging-market investor Kim Catechis says the next decade’s growth opportunity is intra-EM, but worries that wealth has led to complacent policymaking.
Will a political ‘lost decade’ upend EM growth hopes?

Emerging-market economies are better equipped to deal with the endgame of the global financial crisis than Western countries. The next decade will see the big emerging markets switch their growth model to trading among their consumer markets, away from the United States and western Europe.

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