Ziziphi Iintlanu Ezibuhlungu?

Amashishini aMahlanu aPhakamileyo axhomekeke kwiNtengo-mali

Ayikho imfihlelo yokuba abahlalutyi bezimali banothando lwee-acronyms, nokuba zibhekiselele kuma-PE okanye i-EBITDA. Isibizo esaziwa kakhulu phakathi kwabatyalomali bamazwe ngamazwe yi-BRIC yeGoldman Sach sikaJim O'Neill, emele ezine ezinezona zorhwebo ezinkulu ezikhulayo-eBrazil, eRashiya, eIndiya naseTshayina. Kodwa, zininzi nezinye izibhengezo eziye zafumana uzuko kwaye zinokunceda abatyali-mali.

Kule nqaku, siza kujonga ngakumbi kwi-Five Fragile kwaye apho ezoqoqosho ziza kuhamba kwiminyaka ezayo.

Ziziphi Iintlanu Ezibuhlungu?

I-Fragile Five yithuba eliqulunqwe ngo-Agasti ka-2013 ngumhlalutyi wezezimali kuMorgan Stanley ukumela uqoqosho lwamafama atshabalalayo oluxhomeke kakhulu kwi-investment engenakuthenyaniswa kwamanye amazwe ukuxhasa iimfuno zabo zokukhula. Isichazamagama silandela uluhlu olude lwezihlalutyo eziye zabanjwa ngaphezu kweminyaka, kubandakanywa i- BRICS nee- BRICS kunye nama-MINTS.

Njengengxowa-mali ephuma kwiimarike eziphuhlisayo kwiimarike eziphuhlisiweyo, ezininzi zee currenti zifumana ubuthathaka obunzima kwaye zenze kube nzima ukuxhasa imali ekhoyo yangoku. Ukungabikho kotyalo-mali olutsha kwenza ukuba akunakwenzeka ukuxhasa ngemali iiprojekthi ezininzi zokukhula, ezabangela ukuncipha kwezoqoqosho. Oku kwadala umba othile okhuselekileyo.

Amalungu amahlanu e-Fragile Five aquka:

• ikarikuni
• Brazil
• Indiya
• Mzantsi Afrika
• Indoneshiya

UkuPhuma kwemali ngo-2013 no-2014

Ixesha eli-Fragile Five liye lahlelwa ukuphendula ekuhlaleni kwezoqoqosho phakathi ko-2011 no-2014.

Emva koqoqosho oluninzi lwaluqhutywe ngo-2008, uqoqosho lwamafama olusakhulayo lukhangela inani elikhulu lotyalo-mali ngenxa yezinga eliphezulu lokukhula. Le nkunzi yayiqeshwe kwiindawo ezahlukeneyo zoqoqosho ukwenzela ukwandisa izinga lokukhula. Ngokomzekelo, iiprojekthi zonyango zonyango zithatyathwe kubasebenzi abaqeshwe kunye neenkampani zommandla.

Ukubuyiselwa okulandelayo kwiimarike eziphuhlisiwe kwathatha ininzi yalo mkhulu ekhaya kwaye kwaphumela ekutyala imali ngaphandle kwezemali kwiimarike ezikhulayo. Uqoqosho oluphuhlisiwe, olunjalo lwaseUnited States, lwathumela imbuyekezo enamandla kulo lonke u-2013. I-US Federal Reserve nayo yanquma ukufakela iprogram yokuthenga umbophelo kunye nokunyusa izinga lentengo, eyabangela imali enamandla yase-US ngokumalunga neemeko zemarike ezikhulayo. Ezi zintlukwano zenza inani elinyukayo lwabatyalo-mali ukuba bathengise iimali zeemarike ezivela kwamanye amazwe kwaye baye kwi-USDs.

Eli xesha sele lisandisiwe liya kwi-Troubled Ten njengoko i-intanethi ye-interest rate schedule yase-United States ibangele ukukhathazeka phakathi kokunciphisa iimarike ezikhulayo.

I-Fragile Five Cracks Ibonakala

Ekuqaleni kuka-2014, iArgentina yahlaziya imali yayo ngokukhawuleza ngokuphendula kwimigaqo-nkqubo yasekhaya engaqinisekiyo kunye namazinga aphezulu okunyuka kwamaxabiso . Izwe lathengise ngaphezu kwe-8% yeempahla zalo zangaphandle ngoJanuwari ka-2014 ezenza ukuba i-capital capital ibhanki ifikelele kumazinga aphantsi kakhulu ukususela ngo-Oktobha ka-2006. Nangona iArgentina ingeyona ilungu le-Five Fragile, ukuncipha kwabo kwabangele ukuba bathengise iimarike ezikhulayo. kwenzeka emva kokuwa. Njengoko abatyali-mali baqalisa ukuthengisa iimali zeemarike ezikhulayo kunye nokufudukela kwiidola zase-US, ngokwengxenye ekuphenduleni i-Federal Federal Reserve, i-currencies ezikhulayo zeemarike zaqala ukulahlekelwa yintengo kunye nokuqalisa imali.

I-Fragile Iimarike ezintlanu ezifana ne- Turkey zaphendule ngokukhawuleza ukunyuka kwamazinga ezenzalo kwiimeko eziphuthumayo kwintlanganiso yomgaqo-mpi wobusuku ukwenzela ukukhusela imali yayo kodwa ukuhamba kusenzile ukunciphisa umba. AmaFragile Amazwe amahlanu anjengeTurkey athembele ekutyalweni kwemali kwamanye amazwe ukuzalisa ukulahlekelwa kweengxelo zabo zangoku. Ukunyuka kwezinga lentengo kunokuba nemiphumo emibi kwimiphumo ekhulayo yokuthengisa. Ngokomzekelo, izinga lentengo ephakamileyo liphakamisa umthwalo wetyala kwiimali-mboleko kwaye kunokukhokelela ekutshitshweni kweebhanki zorhwebo. Ezi zintlukwano zingaphinde zicinezele ukukhula koqoqosho ngokususa imali.

Apho i-Five Fragile ihamba khona

I-Five Fragile yabonakala ngo-2013 kwaye yaxhatshazwa ngowama-2014. Ngo-2015, ezi marike zafumana ukuhla kwexesha eliqhubekayo njengoko i-capital flow flow from markets and emerging markets.

Abahlalutyi bakaMorgan Stanley banweba aba-Five Fragile kwi- Ten Trouble phakathi nango-2015 ekuphenduleni ukuthengiswa kwezinto ezihamba ngaphaya kwamazwe amahlanu nakwezinye iimarike ezivela phambili.

Uqoqosho olujongene neengxaki lubandakanya:

• ETaiwan
• Singapho
• Rhashiya
• Thayilendi
• emaznstie ekorea
• Peru
• Mzantsi Afrika
• Tshile
• Kholambiya
• Brazil

Amalungu amaninzi e-Fragile Five awashiywa kuloluhlu njengoko uqoqosho lwabo sele lufumene ilahleko okanye lufumene i-traction. Ngokomzekelo, uqoqosho lwamaNdiya lugcine luhlala luqinile naphezu kokuphazamiseka komhlaba kwiimarike ezikhulayo kwi-2014 no-2015. Amazwe amane asele ayenzileyo kakhulu phakathi kuka-Agasti ka-2013 no-Agasti ka-2015.

Amaphuzu athathweyo

• I-Fragile Five yithuba eliqulunqwe ngo-Agasti ka-2013 ngumhlalutyi wophando kuMorgan Stanley ukumela uqoqosho lwamafama atshabalalayo oluxhomeke kakhulu kwi-investment engenakuthenyaniswa kwamanye amazwe ukuxhasa iimfuno zabo zokukhula.
• Ezi zintlanu ezilahlayo ziquka iTurkey, iBrazil, iNdiya, uMzantsi Afrika kunye ne-Indonesia.
• I-Five Fragile ibandakanyeke ngo-2013 nangama-2014 njengamazwe athengisa iimalike ezithembekileyo kwiingxowa-mali zamanye amazwe ukujonga ukulahleka kwe-akhawunti kunye nokukhula kwezemali kwaqala ukubona ukuphuma kwemali ngenxa yokuphucula kwezoqoqosho.