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Letters: On emerging economies, business, efficient markets, Venezuela, China, Brazil
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Letters: On emerging economies, business, efficient markets, Venezuela, China, Brazil

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Letters: On emerging economies, business, efficient markets, Venezuela, China, Brazil

UK Only Article: standard article Issue: Go on, bet the farm Fly Title: Letters Emerging trade powers SIR – Your special report on the world economy (October 12th) set aside the fact that emerging economies have been behind all the absolute growth in world trade that has occurred after the global financial crisis. This big shift is also the reason why the share of international trade that is intra-regional has declined in recent years. As far as capital flows are concerned, emerging economies attracted a record share of foreign direct investment last year. None of which is to say that they are decoupled from advanced economies, but even so the differences must be recognised. Perhaps you were overly influenced by the latest cuts to forecasts of emerging-market GDP by the IMF. Yet those markets are still projected to account for 53% of world economic growth between 2012 and 2018. Pankaj GhemawatProfessor of global strategyIESE Business SchoolBarcelona SIR – “The gated globe” (October 12th) asserted that capital controls “have found respectability in the emerging world because they help insulate countries…from destabilising ...

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