economies

Opinion | To call the likes of China and India ‘developing’ is, frankly, insulting

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And while “less developed” may have described China back in the 1970s when most of its people lived in poverty, it no longer does for a country where extreme poverty has been all but eradicated. To suggest otherwise is a misuse of statistics. In the investment world, the terms “less developed” and “Third World” have … Read more

bonds: In a ‘radical shift’, frontier markets go for policy changes

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Frontier markets have embarked on aggressive policy shifts, and investors in local-currency bonds are starting to reap the benefits. Central banks across key frontier economies including Kenya, Nigeria and Egypt have hiked policy rates significantly in recent months, while also implementing steps to liberalise markets – such as Nigeria’s move to allow free trading in … Read more