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Convergence, global imbalances and the role of infrastructure in EM
The Emerging View
07 June 2013
Many Emerging Markets are beginning to exhaust ‘low hanging’ sources of growth as they approach middle income status. Adapting requires not just greater economic
flexibility, but also more investment and a more efficient use of capital. Infrastructure investment will play an important
role within this process, alongside capital market development and supply-side reforms.