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Emerging markets have performed amazingly well over the last seven years. In many cases, they have far outperformed the advanced industrialised countries in terms of economic growth, debt-to-GDP ratios, counter-cyclical fiscal policy, and assessments by ratings agencies and financial markets. As 2012 begins, however, investors are wondering if emerging markets may be due for a correction, triggered by a new wave of "risk off"' behaviour.


Frankel, Jeffrey A. "Cycle of Crisis Looms Over Emerging Markets." Bangkok Post, January 26, 2012.