Reverse capital dynamics shake emerging markets | GulfNews.com:
"Enthusiasm for emerging markets has been evaporating this year, and not just because of the US Federal Reserve’s planned cuts in its large-scale asset purchases. Emerging-market stocks and bonds are down for the year and their economic growth is slowing. To see why, it is useful to understand how we got here.
Between 2003 and 2011, GDP in current prices grew by a cumulative 35 per cent in the US, and by 32, 36 and 49 per cent in Great Britain, Japan, and Germany, respectively, all measured in dollars. In the same period, nominal GDP soared by 348 per cent in Brazil, 346 per cent in China, 331 per cent in Russia, and 203 per cent in India, also in dollars."
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