It is the great new frontier country between east and west.

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With expected sluggish growth in industrial countries in the short run, external demand for frontier country exports is expected to be driven increasingly by growth in the BRICS, according to the IMF.

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Conflict countries experienced annualized returns that were 2.1% lower and volatility that was 1.2% higher than the average frontier market country over a ten year period.

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When I was invited as a U.S. representative to the Asian Development Bank to speak at the 1991 opening of the Mongolian Stock Exchange, I expected a frontier adventure, as the country had just broken free from Russia to form a fledgling democracy.

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Beside some small country in Asia or maybe a frontier market, the answer is no one of significant size is growing like that.

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Many of the companies represented in her delegation have plants and factories in the frontier provinces on the Afghan border, a part of the country that might spook American investors.

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Western banks, energy firms and consumer-products companies are agitating to get back into the country, one of the world's last frontier markets, with of 60 million people, but they can't fully do so until rules are eased.

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This time Mr Thant's travels take him to Myanmar's hill country, near the Chinese border, to the other side of the frontier, in Yunnan province, and to Assam and Manipur in north-east India, on Myanmar's other flank.

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