Commentary: The Net And Emerging Markets: Both Wild, Both VitalChristopher Farrell
It's dangerous on the frontier--whether you're talking about emerging markets or the Internet. That lesson was driven home painfully this past summer as U.S. equities plunged because of the deepening crisis in Asia, Russia, and, most recently, Latin America. As the market tumbled, the fast-moving companies that are taming cyberspace and creating a new online economy also lost ground.
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