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Crisis exposes complacency of emerging markets

Leigh Powell
Developing economies failed to recognise their boom years were fuelled by easy money from the West, which has now dried up. But Ruchir Sharma of MSIM identifies the breakout nations.
Crisis exposes complacency of emerging markets

The developed world debt crisis has shattered the myth about never-ending emerging market growth and exposed the complacency that had set in among developing economies and investors.

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