Summary:
The book provides a framework for assessing the risks of investing in emerging markets by identifying and analyzing the various barriers to investment, such as political instability, lack of transparency, and poor governance. It offers a systematic approach to evaluate these markets, using a comprehensive set of risk indicators to help investors make informed decisions about where and how to allocate their funds.
Key points:
1. Limited Market Access: Karolyi likely covers how small and illiquid markets can lead to higher costs for investors trying to buy or sell in emerging markets.
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