The world will have almost two billion handphone users by 2006, thanks in part to growth in emerging markets such as India and China. |
As bearishness has spread across the globe, investors have been quick to take profits and withdraw from riskier areas such as emerging markets. |
If you're looking to find the next economic superpower, you have to realize that most emerging markets stay emerging markets. |
There are more than 100 emerging markets around the world that have dynamically growing telecom sectors. |
It failed to prevent or deal with financial crises in emerging markets because of its aggressively procyclical conditionalities. |
Perhaps a better remedy is for emerging markets to just avoid hot money if their financial systems can't handle it. |