Thai governor says the fate of emerging markets rests on institutional progress

Prasarn Trairatvorakul

The Bank of Thailand governor has hit out at the practice of "lumping" all emerging markets together into one group or under one acronym, no matter how catchy it may be.

Prasarn Trairatvorakul, speaking at the Harvard Kennedy School, insisted individual countries will be responsible for their own fates, and pointed to the difference in their institutional structures as a likely dividing line between them.

He observed that growth in emerging markets is "slowing sharply" and the economies in quest

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