Mobius: How reform agenda could shape prospects for EMs in 2015

A number of emerging market countries have already started implementing significant reforms which could spur economic growth, according to Templeton's Mark Mobius.

Even with major emerging economies such as Brazil and Russia slowing down, in aggregate, emerging market growth next year is expected to be comfortably in excess of developed markets. Moreover, China, India, Indonesia, Mexico and South Korea have announced plans for significant reform, and some of these are already under way. Reform measures differ in details from country to country, but are generally aimed at sweeping away bureaucratic barriers to economic growth, encouraging entrepreneurship and exposing inefficient industries to market discipline. Most are also looking to rebalance...