This in turn FED THE GROWTH OF THEIR INDUSTRIES, THEIR INFRASTRUCTURE.
The main reason behind all this was the MASSIVE PRICE CUT IN TELECOMMUNICATIONS.
Think 'bout it.
It ain't no coincidence that the Emerging Markets started giving good returns after:
- Drop in price of phone calls
- Mushrooming of call centers and back office operations.
- Interexchange of IDEAS.
- Cut in Internet prices globally.
- Global access to all the markets throughout the world.