Article #4

The article begins by talking about how the focus has shifted from the economic well-being of monopolies to the crises that emerging economies may be facing. According to the author, the slowing down of China has affected many other countries. The author claims that another reason why the newly emerging economies of some countries are failing, is because of hidden debts. These debts are said to not appear on paper and just show up periodically, therefore going undetected. An example of this was the crisis in Mexico in 1994-1995 when the world learned that Mexico's private banks had taken a significant amount of currency risk through off-balance-sheet borrowing. Another example in the text is when banks in Thailand hadn't noticed that they were nearly empty. It also touches about the fact that China has been lending other countries a lot of money and how that can lead to another crisis.

I liked this article best because it is easier to understand. It is clear and to the point which helps the reader follow. Also, the writer doesn't seem to exaggerate and take one specific side/ argument.