The technology tigers

Emerging economies have staged a remarkable recovery in the past year, embracing technological advances and addressed some of the problems in the political, legal, banking and business environments, which precipitated the crises of 1997 and 1998. We suspect investors continue to regard emerging markets as politically unstable, resource-based economies dependent upon exports of low-value commodities and subject to fluctuations in the international price of these products. However, that dependence has fallen sharply over the past 10-15 years, at the same time as political stability and conse...