Does investing in emerging markets still make sense?

Except for China and India, there are a few signs that developing economies are converging with developed economies.

Two controversial firings by top technocrats, one in Ankara and the other in Mexico City, in a three-day break, served as reminders that investing in emerging markets is a high-stakes bet.

The resignation of Turkey's central bank president Murat Cetinkaya by a dubious presidential decree announced late last night was followed by the shocking resignation of Mexico's finance minister Carlos Urzúa, who left complaining about the interference incompetent in the management of the economy by disqualified members of the ruling party machine.

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