There are several major reasons why a continued high growth in emerging economies is expected. First, it can be pointed out that there has been strong domestic demand from the beginning such as activation of consumption activity in accordance with the improvement in living standards and the needs for establishment of social infrastructure. A typical example is China.
This practice has accelerated during the current mortgage crisis. Financial institutions have been resolving these claims throughout the crisis. However, just as holders and guarantors of mortgages and mortgage-backed securities are pressing their claims, financial institutions are vigorously defending against many of the claims that seek to impose substantial liability on them.