Too Good Is Not Good

When emerging economies such as Chile's become too attractive to capital

Abstract

A major question hanging over the central banks and finance ministries of the emerging world is how the slow recovery of the industrialized countries will affect their economies. A complex economic environment appears to be taking shape for the emerging economies: on the one hand, the sluggishness of the industrialized economies is bound to be transmitted to the emerging ones, which does not help global growth given the decline in international trade. Continue reading...