Currency fluctuation, a lack of financial transparency, currency control regulation, and other characteristics of many emerging markets keep the less informed investor away from these markets.

FORBES: How Investors Are Gaining in Emerging Markets

These issues include the state of the global economy, implementing the framework agreement for strong, sustainable and balanced growth, facilitating job creation, reforming the currency and financial regulation and supervision systems, stability on global energy markets, stimulating international development, strengthening multilateral trade, and countering corruption.

FORBES: Russia Rules G20 For First Time

What's needed is a new global financial doctrine that addresses the issues of global saving and consumption, currency arrangements, financial regulation and trade.

CNN: Commentary: Why Obama should be upbeat -- and worried

BIS's work counts for least where it should matter most: in emerging-market economies such as those in Asia, where weak financial regulation turned currency turmoil into full-fledged economic crisis.

ECONOMIST: Lenses of last resort

The nations enjoying limited government, property rights, sound currency, free trade, ease of regulation, low taxes and restrained public spending include: Hong Kong, followed by Singapore, New Zealand, Switzerland, Australia, Canada, Chile, United Kingdom, Mauritius and the United States.

FORBES: Forget Multiculturalism: Restore The Anglo-Saxon Philosophy Of Liberty

Financial intervention broadly: government control of interest rates and money supply, and long-term currency debasement are somehow non-issues even as federal regulation such as Dodd-Frank sweeps across the private financial sector.

FORBES: Federal Regulation: The Costs of Benefits

The paper asserts that Scotland cannot have all the extra autonomy over taxes and spending and regulation that comes with independence, while somehow also hanging on to all the benefits of sharing a currency with the rest of the UK, because currency union after independence would have to work differently than it does now.

BBC: Scotland: Treasury wants a pound for a pound