pywong
29th October 2008, 08:11 AM
Martin Hutchinson argues that emerging market can come out from the current financial crisis stronger if they took the following steps to promote the economy:
Solid property rights.
Encourage middle class savings.
Maintain high interest rates.
Tight government spending.
Investment.
Population growth.
Mergers and acquisitions.
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THE BEAR'S LAIR: Emerging or submerging By Martin Hutchinson 29 Oct 08
Emerging market stocks, bonds and currencies have suffered much more than developed-country markets during 2008, in spite of the original real estate bubble and credit disaster having been contained almost entirely in rich countries. That suggests that globalization, by which emerging markets gain capital and access to developed markets for their goods and services exports, may be something of a Faustian bargain.
Read on.. http://www.prudentbear.com/index.php/commentary/bearslair
Solid property rights.
Encourage middle class savings.
Maintain high interest rates.
Tight government spending.
Investment.
Population growth.
Mergers and acquisitions.
*************
THE BEAR'S LAIR: Emerging or submerging By Martin Hutchinson 29 Oct 08
Emerging market stocks, bonds and currencies have suffered much more than developed-country markets during 2008, in spite of the original real estate bubble and credit disaster having been contained almost entirely in rich countries. That suggests that globalization, by which emerging markets gain capital and access to developed markets for their goods and services exports, may be something of a Faustian bargain.
Read on.. http://www.prudentbear.com/index.php/commentary/bearslair