Faculty News
In an op-ed, Professor Michael Spence predicts what increased interest rates in the US will mean for emerging markets
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Excerpt from Project Syndicate -- "The reality is that emerging markets that benefited after the 2008 crisis from China’s economic growth, rising commodity prices, and cheap foreign capital must now adjust to reversals in all of these factors. The necessary transitions for these markets will be complex, risky, and not entirely within their control."
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