Mohamed El-Erian, CEO and co-CIO of Pimco, the world’s largest bond investor, said some emerging market economies are doing better than those of developed countries because they had dealt with previous financial crises years earlier.
“It was the Asian crisis, it was the Russian crisis, it was the Argentine crisis, and they changed their behavior,” said El-Arian.
“Most of them are recovering much more quickly, and U.S. companies are benefiting from their ability to sell (to those emerging markets)," he added.