In the wake of the global financial crisis, most developed economies are still suffering from low growth rates, rapidly expanding debt loads and the threat of a “double dip” back into recession.
But in the so-called “emerging markets”, economic growth has roared back and in many cases now exceeds pre-crisis levels.
Inevitably, this disconnect has reignited the debate over whether fast-growing, poorer countries have “decoupled” from richer, developed nations.
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