Emerging Markets 'Resilience Indicator' Reveals Which Countries Are Prepared For Financial Crisis (International Business Times)

From article:

Argentina, Brazil and Chile are setting themselves up for disaster. So says an economist who has devised a way to gauge an emerging country’s ability to survive a global financial crisis.

“Conditions in the period before the eruption of an adverse external shock are central in determining the resilience of an emerging market economy to the shock,” writes Liliana Rojas-Suarez, a researcher at the Center for Global Development, in a recent paper on the subject. “In 2007, an analyst studying a few variables in emerging markets would have been able to predict, with high accuracy, the relative economic and financial resilience of these countries to the global financial crisis.”

Rojas-Suarez ranks 21 countries on a “resilience indicator,” according to how each one is likely to fare in the event of a worldwide economic downturn.

Read full article here.