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November 27, 2012

Investors have grappled with emerging market investing for more than 30 years. Some have made serious money, many haven’t. Post the financial crisis, now is the right time for a fresh perspective.

When the German chancellor Angela Merkel visited Beijing in late August 2012, a new and strange dynamic in world affairs was in full view. In London, Frankfurt and New York, markets waited anxiously to hear not what Merkel might say about China, but what her counterparts would say about Europe.

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