An article in the Wall Street Journal in 2012 noted: Turkeys relatively strong economy and its attractive

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An article in the Wall Street Journal in 2012 noted: “Turkey’s relatively strong economy and its attractive yields have kept emerging-market investors in the country.”

a. What is an “emerging market”?

b. Why would investing in an emerging market have been particularly attractive to U.S. investors in 2012?

c. What risks are investors taking on by investing in an emerging market rather than in the United States?

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