Nitzan, Jonathan2022-11-252022-11-251994From Flywheel to Fanbelt: The Growing Importance of Emerging Markets. Nitzan, Jonathan. (1994). Emerging Markets Analyst. Vol. 3. No. 8. December. pp. 6-12. (Article - Magazine; English).http://hdl.handle.net/10315/40301capital flow emerging markets FDI foreign investment Japan growth North-South profit oil trade transnational corporations United StatesEmerging markets are no longer acting as the flywheel of industrialized country growth. They are playing an increasingly powerful role in world trade, and their burgeoning demand has softened the impact of the last recession in industrialized countries. Emerging markets now account for a significant portion of US multinationals’ profitability.Article