We are moving between two extremes that are equally harmful. A
few years ago we were exaggerating the expansion in emerging
market economies, suggesting that they would become the new
engines of the global economy, that the rate of expansion was
unstoppable. But it is equally an exaggeration to say that the
emerging markets are in a process of decline and that a more
pessimistic view should substitute for the previous one. The
reality is somewhere in between. Emerging markets are still
growing at a very healthy rate, roughly 4.2%.
Colombia's investment case: Mauricio Cárdenas
If Colombia is to avoid slower growth it must boost domestic investment to offset a weakening external environment, says its finance minister Mauricio Cárdenas
However, having witnessed, for example, the gridlock in
Washington in October, I am more convinced than ever that we
have to put all our emphasis on domestic investment to offset
the weakening external side of the economy.
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