Which developed market index performed the best? Often a stock index rallies while its currency devalues, leading to a zero-sum game in dollar terms. The chart above converts each index into US Dollars, allowing for an accurate perfomance comparison.
According to Investopia, a developed economy is typically characteristic of a developed country with a relatively high level of economic growth and security. Common criteria for evaluating a country's level of development are income per capita or per capita gross domestic product, the level of industrialization, the general standard of living and the amount of technological infrastructure.
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