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Wednesday, August 5, 2009
As an ex-pat twice over, I appreciated this FT article on the 'call of home'.
A recently destabilizing, but positive in the long-term, trend has been the flood of ex-pats back into emerging economies. While it has caused short-term increases in unemployment, strained public finances, and cut remittances, it has brought money, skills, entrepenuership, and productivity.
Emerging markets' great gain is developed economies' great loss.
Labels: economic development
