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Not mentioned is Korea. Having heard for years that the only thing keeping it from being moved to "developed" from "emerging" is its border with North Korea, it will be interesting to see how it fares going forward. Think there is no politics in MSCI's decision making? Think again. Imagine the pressure they have been getting from different sides, and imagine the potential fallout should they move Korea to the EAFE index. Rickety countries remain in EAFE while several strong economies are kept in EM. Not a fall-off-the-log decision.
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