Must-Read: Bill Emmott: The Great Emerging-Market Bubble: “if convergence and outperformance were merely a matter of logic and destiny… …that logic ought also to have applied during the decades before developing-country growth started to catch the eye. But it didn’t…. The main determinants of an emerging-economy’s ability actually to emerge, sustainably, are politics, policy and … Continue reading Must-Read: Bill Emmott: The Great Emerging-Market Bubble