How do global events affect emerging markets?
Global events, such as economic crises, political instability, or pandemics, can significantly impact emerging markets by affecting investor confidence, capital flows, and economic growth.
Can you give me an example of a recent global event that impacted an emerging market?
Certainly! The COVID-19 pandemic severely affected many emerging markets, leading to reduced tourism, disrupted supply chains, and increased unemployment.
What measures can emerging markets take to mitigate these impacts?
Emerging markets can diversify their economies, strengthen social safety nets, and improve governance to better withstand global shocks.
Are there any specific countries that have managed well during global crises?
Yes, countries like Vietnam and India have shown resilience by adapting quickly to changes and implementing effective policies during crises.
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