ANALYSIS: Capitalist economies tend to thrive when businesses can safely assume that governments will treat them fairly and consistently and that changes in regulations and taxes will be driven by broad policy objectives rather than erratic favouritism.
When the Bric share markets (Brazil, Russia, India, China) roared into life during the first decade of this millennium, many investors and fund managers deliberately stayed on the sidelines despite the fact that these share markets had initially been trading on very cheap valuations.
In many cases,
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