Emerging Markets on the Rebound? More Like a Train Wreck
Export-dependent EM economies face years of weakness and financial instability as they shift to a greater reliance on domestic demand.
David A Levy
June 17, 2014
A locomotive pulls freight wagons loaded with coal through the Transnet SOC Ltd. rail depot in Ermelo, South Africa, on Monday, March 10, 2014. Transnet SOC Ltd., South Africa's ports and rail operator, said it's battling mining companies for influence over coal export port access as their dominance shuts out small black-owned producers. Photographer: Dean Hutton/Bloomberg
Dean Hutton /Bloomberg
