Subject
Prospects for frontier economies in 2018.
Significance
Frontier economy definitions differ between investment banks and international organisations but tend to focus on fast-growing, low-income, relatively stable countries with exciting prospects. The Morgan Stanley Capital Investment index (MSCI) for frontier markets has risen by more than 25% in the last year, having fallen from mid-2014 to late-2016, buoyed by investors searching for yield, robust growth and development of bond and equity markets to fund expansions of infrastructure and public services. Emerging Asia's bond market has grown to 200 billion dollars in 20 years.
