EM/FM under-investment could challenge equity returns, monetary and fiscal policy
Posted on August 20, 2011 at 18:12 PM EDT
As ratings agency reports go, Fitch’s latest Sub-Saharan write-up wasn’t so much controversial as it was cautionary; specifically, its point relating to inadequate infrastructure is one common to most if not all emerging and frontier economies (outside of Asia, at least), a discouraging and productivity/growth-stunting phenomenon The Economist duly noted last week while concluding that [...]