In Dubai, McCarthy raised concerns about the “EM-ification” of the U.S., likening its increasing political instability and fiscal mismanagement to what’s commonly seen in emerging markets. He stressed that institutional erosion and extreme polarization are signs that even developed nations are not immune to emerging market dynamics. https://www.gulfanalytica.com/key-insights-from-kevin-mccarthy-on-global-sovereign-debt-political-polarization-and-emerging-market-trends-at-aim-summit-dubai