Liikanen predicts emerging market over-take in 2013

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The governor of the Bank of Finland, Erkki Liikanen, on Monday said emerging and developing economies could overtake advanced economies as early as 2013.

Liikanen made the remark during his opening speech at the Conference on European Economic Integration 2011 in Vienna.

"The emergence of China has been one of the key defining trends of the past two decades in the global economy," he said. "Chinese manufacturing goods are competing at higher and higher levels of sophistication, and the effects

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