, Columnist
It’s Not Time to Hit the Ejector Seat on Emerging Markets
Volatility is nothing new and not out of the ordinary now.
Stick around for the ride.
Photographer: Keystone/Hulton Archive/Getty Images
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This is no time to panic about emerging markets.
Imagine you hadn’t read the headlines about emerging markets this week. You didn’t know that South Africa slipped into a recession, or that the currencies of Turkey, Argentina and Indonesia are near record lows, or that seemingly every emerging-market analyst predicts that the trouble will spread to other developing countries.