Most Emerging Markets Learned From Past Crises

WASHINGTON—The latest emerging-market slide might look like a repeat of earlier cascading crises.
In reality, it is serving as an important test of which nations learned their lessons then.
The rapid interest-rate increases in South Africa, Turkey and India in recent days hark back to troubles in Asia in the late 1990s and Latin America…

Continued here: Most Emerging Markets Learned From Past Crises