For Emerging Markets, Catching Up Is Not That Hard to Do
Contrary to conventional wisdom, emerging markets can indeed achieve convergence with more economically developed countries.
Richard Titherington
October 27, 2014
A clerk arranges bundles of Indonesian 100,000 rupiah banknotes at a currency exchange office in Jakarta, Indonesia, on Monday, July 7, 2014. Indonesia's rupiah jumped the most among emerging markets as local stocks rallied on speculation investors are positioning for Joko Widodo to win this week's election after he performed strongly in the final debate. Photographer: Dimas Ardian/Bloomberg
Dimas Ardian/Bloomberg
