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How Is Pakistan An Emerging Market And Vietnam Is Still Frontier?

TedTed
in The Bullpen
FYI: Pakistan’s stock market in Karachi rallied 2.3% today after MSCI included the south Asian nation in its benchmark MSCI Emerging Markets Index.

It is curious that Vietnam, the new Asian Tiger known for for its manufacturing prowess and political certainty, remains solidly in the MSCI Frontier Markets category, whereas Pakistan is now considered an emerging market. Pakistan’s GDP per capita is only $1,275, while the Vietnamese are 50% richer.
Regards,
Ted
http://blogs.barrons.com/asiastocks/2016/06/15/how-is-pakistan-an-emerging-market-and-vietnam-is-still-frontier/tab/print
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