This post already appeared in Hurriyet Daily News this week; Roubini Global Economics Emerging Markets EconoMonitor is just republishing it, but I just wanted to cross-link for the readers who might have missed it the first time around...
I noticed, unfortunately after it had been published, that the column needed some clarifications/expansions, partly owing to my usual space constraints, and partly due to, I must admit, bad planning and prioritization on my part. Therefore, I posted an extensive addendum over at my blog right away...
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