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Why emerging markets should look within

Many are facing crises largely due to an inability to solve domestic problems

Risky path: Anti-government protesters in Bangkok. Tourists and foreign investors are growing wary of Thailand, which probably faces an economic slowdown. - PHOTO: AFP

IN recent weeks, Argentina, Turkey, Ukraine and Thailand have endured plunging currencies, capital flight and political disruptions in varying combinations. While they have all been affected by global economic tides, these nations are facing crises because of problems in their national