The toppling of the Berlin Wall made free market economics the norm across Europe — but which financial markets have done the best since then? Wall Street and the BRICs, of course.While the events of 1989 redefined Europe’s boundaries, they also ushered in almost two decades of powerful economic liberalisation and globalisation that took in China, India and Latin America — a wave that is only now cresting.They are not the only factor, by any means. Also at work is a 30-year drop in global borrowing costs as inflation has been beaten back — even amid a boom for commodity …read more
Source:: Gulf times
