THE PROBLEM WITH EMERGING MARKETS

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Emerging markets overcame the crisis of 2008 thanks to a strong bank system and large foreign exchange reserves.

Since 2009 emerging markets started experiencing reduced growth because of a decline in import demand.

Emerging markets had a growth but there were a lot of problems such as inflation, deficit and overvalued exchange rate.

The problem of emerging countries is that they focus too much on manufacturing when they should focus on services as education.

Emerging countries should focus on education, competition and developing high value added service sectors

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No improvement in the short term