Modern Monetary Theory is becoming mainstream in developed markets. Governments are suddenly pursuing plans that lead to deficits that would have been unimaginable a decade ago. The US, UK, and Japan, for example are all engaging in record spending sprees to support the economy in the wake of Covid-19. Yet MMT has been slow to […]
EM/FM countries have unique growth prospects no longer present in the developed world. Several secular trends support faster growth for EM/FM markets as a group. Demographically, EM/FM countries outside of China are younger, and family size is often larger. Nearly 90% of the global population under 30 is in emerging markets. According to research from […]