Article Review 4

In this article, the author talks about the problems that emerging economies face at the moment, with the idea that they all have common symptoms and may be dealing with a hidden debt that is unknown to that country. China is, again, one of the main parties involved that is a huge factor when taking into account the situations of the emerging economies of many countries. Due to the way the hidden debt works, it will usually go undetected and cause extreme chaos in a way, or just be a small obstacle that doesn't affect the country too much. The crisis in Greece is a good example, in which their crisis only became apparant in 2010 because of the fact that their accounting ways caused people to think their debt was lower than it actually was. The problem with most emerging economies now, though, is the fact that many borrowed money from China in terms of U.S. dollars, along with the fact that their development banks aren't included in data, so it's hard to figure out just how much China influenced/impacted certain countries compared to others. And because of this, the article mentions that data should be handled carefully to determine the extent of China's influence in terms of loans, as their slowed down economic prowess can affect a variety of countries.