What is the outlook for developing economies and frontier markets?
Mr. Dattels: First, in terms of the outlook, the broader global growth picture in emerging markets is very much a positive one, and that also includes the outlook for commodity prices. So, from the real economy perspective, the outlook is a favorable one for frontier economies. In terms of financial vulnerabilities, frontier markets are moving into the limelight along with other emerging markets as a destination for foreign investor flows. One of the themes that we have in the GFSR is that the improved, relatively better fundamentals in emerging markets, along with improving fundamentals in frontier markets, including growth prospects, debt levels, this is likely to engender a further structural shift in asset allocation toward emerging markets. We have some analysis in the report that would suggest that with that type of a flow, you could see substantial amounts of funding move in to emerging markets. That represents a challenge for frontier markets, as well, as emerging markets. I th
