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How Emerging Markets Can Finally Arrive
June 19, 2015 Editor 0
Emerging markets need a fundamental reversal in approach. The conventional wisdom advocates implementing large-scale economic and institutional reforms that shape the overall business and political environment. It would be more effective to selectively use reform initiatives tailored to each country’s unique mix of business dynamics and industries, to improve domestic firms’ resources and capabilities at each stage of a country’s economic development.
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