Mexican deputy: EMs should broaden trade strategy in wake of uncertainty

Cross border tax evasion
Rise of protectionist policies will harm emerging markets, says Mexican deputy

Emerging markets should consider “broadening” their scope for trade while maintaining “prudent” and “pre-emptive” monetary policy, a deputy governor from the Bank of Mexico has suggested.

Speaking in London on April 4, Javier Guzmán Calafell took stock of the problems facing emerging markets, placing a particular focus on the growing negative sentiment surrounding globalisation.

“We seem to be entering a new era where the problems resulting from the global financial crisis have not been fully

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