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While it is not certain whether the latest "it" countries will remain hot trends, one thing is certain: betting on emerging markets is proving to be unexpectedly fraught.
Is it countries?
Now there are just these leftovers of it, countries that are different but not that different from the Soviet Union.
In the effort to conclude it, countries may be tempted to water down some of the more ambitious aspects of TPP.
But without it, countries can accuse China of dumping goods, and then use other countries' prices — say, India's energy prices or Thailand's land costs — to prove their point.
As Mr Balls puts it, countries with floating rates are the "least dirty shirt" in the markets.Emerging markets have also changed their role.
Similar(47)
Is it country?
You could call it "country house" music.
Album: Rockin' It Country Style.
Was it their country?
It's country line dancing.
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