Emerging markets on the edge as investment dries up

07/23/2013 | Bloomberg

Over the eight weeks ended July 17, US$40.3 billion was pulled out of emerging-market bond and equity funds, portending a political crunch for this group of nations, which had built hopes and modest degrees of prosperity on the basis of rising investment. Now, analysts say, rising unrest is putting pressure on governments to spend for the near term rather than focus on long-term financial stability.

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