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Nir Kaissar

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.

Stick around for the ride.

Photographer: Keystone/Hulton Archive/Getty Images

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.