Here's some encouraging news along the same lines...
This morning I found an interesting video article also by Reuters entitled, "How investing in emerging markets can pay big dividends - Investing 201 (1:43)". This article dovetails quite nicely with this article. It goes to explain how dividend paying stocks in emerging markets tend to pay higher yields then their counterparts in the US stock market and even better than investment grade (AAA, AA) bonds (no surprise there). This helps explain why we see such an effort on the part of Iraqi companies with stocks listed on the ISX to emphasize yields every year, and not price increases. Pay close attention to the "Wisdom Tree Middle East Dividend Fund (GULF)". It's not quite as high as the "GMO Emerging Market Fund (GEMMX)", but it's encouraging nonetheless. It's these kind of indicators that tend to motivate more investors into the ISX.
Here's the link: http://www.reuters.com/video/2012/02...Channel=118058
A rational investor is a happy investor.