Conclusion: Financial Markets and the Memory of the Future

  • Javier Santiso
Part of the The CERI Series in International Relations and Political Economy book series (CERI)


Emerging markets themselves are hardly new. Once countries like the United States, Japan and Argentina were emerging markets. Over the past century some changed status, reaching the financial nirvana of the investment grade, the economic paradise of the developing world. Others are still emerging, and from time to time, submerging. At the heart of the “emerging markets” notion is probably the one of a promise, a credible promise of a great transformation, a successful story that became a reality: a developed country.


Political Economy Financial Market Mutual Fund Institutional Investor Pension Fund 
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© Javier Santiso 2003

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  • Javier Santiso

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