IAS Markets
The term began to be used in the 1970s, when Hong Kong (colony of the United Kingdom at the time), South Korea, Singapore and Taiwan, then called “Asian Tigers”, captured global attention with its rapid industrial growth started from 1960. Today, most of these countries have moved beyond the status of NIC. There are several differences between these countries and are now regarded as IAS, in particular have undergone a process of political change opened, its high per capita income and an economic policy aimed to export, factors that in combination they have used to be categorized as developed countries , in addition to a Human Development Index (HDI) higher than 0.9, equivalent to the European Union average. Additionally, South Korea is now part of the OECD.After a collapse in bond, equity and local currencies of these markets in 2 008, by April 2 009 emerging stock markets rose 12 in dollars, according to a Morgan Stanley index developed pro. Thus, the relevant stock indexes in China, Russia and Brazil have climbed more than 20 in local currency while India has advanced 12 . Governments and some companies have used to issue debt, plus the currencies like the Brazilian real and the Russian ruble has strengthened more than 7 against the dollar. This is because investors are taking more risks in the belief that Chinese economic slowdown is over, the resistance of countries’ financial systems and a possible IMF aid to contain financial crisis.