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Why So Many See 2013 As Breakthrough Year For Emerging Markets

Some skeptics, though, wonder whether all the enthusiasm for the developing world has created a sort of emerging market "bubble".

Keep on moving in Mumbai
Keep on moving in Mumbai
Daniel Eckert and Holger Zschäpitz

BERLIN - The downfall of the West has been predicted many times – and then always postponed. Ninety years ago, Oswald Spengler in his book, “Decline of the West” wasn’t the first to announce it and he certainly wasn’t the last.

Now there is more fodder for “declinists,” as they are known – from the economic sector. Some time during the course of this year, the industrial nations will for the first time account for less than half of the world production. For many observers, that will make 2013 a historic turning point.

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May 21-22

  • A liberated Ukrainian village
  • Long COVID limbo
  • TikToker under fire
  • … and much more.
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