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In Part 1 of a two-part series, Wharton panelists examine the history of emerging markets, the importance of the private sector in developing areas, which countries are slated for growth, and one investor's experience in Turkey and Russia.
China's economy is advancing and growing fast as it prepares to enter the World Trade Organization this year. In the past 20 years, China has been able to successfully improve its financial systemsa process that took the U.S. about 200 years.
China could be important to your clients' retirement. Without the Chinese stepping up to buy Western assets, markets would go down as investors unloaded assets to finance their retirement. Siegel reflects on the importance of revaluing the yuan and the "cross-movements of capital" from China to the West.
American politicians are pressing for a revaluation of the Chinese yuan, blaming U.S. deficit problems on the yuan-dollar exchange rate. Economists say the problem lies with a low U.S. savings rate. This Wharton study delves into the detailed views of seven experts.
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