Sunday, December 6, 2009

Redefining 'emerging markets'

Due to the news that Dubai World, an investment company that manages projects for the government of Dubai, might default on $60 billion in loans brought back concerns emerging markets. However, it is now thought that certain countries in Latin America and East Asia are in their own separate class, called advanced emerging markets. These countries have shown resilience in the recession. The list includes Brazil, Hungary, Mexico, Poland, South Africa, and Taiwan. Investment abroad is expected to increase. Hopefully, this will bring these countries "ahead of the curve" and towards greater stability.

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