Back in February, I wrote about an impending crisis in Eastern Europe. In my column, I mentioned that if Eastern Europe begins to head downhill, we could see a domino effect, with the contagion spreading very quickly. Yesterday, the first domino may have fallen, courtesy of debt-laden Latvia. The country attempted to raise $100 million by selling debt securities. But there were no takers. Let me repeat that. Latvia didn’t raise one measly dollar. That is staggering.

You won’t see really exciting market growth anywhere in the developed world right now. There’s not even much to be found in emerging market economies.

But there are still countries with over 6% growth, says Andrew Gordon in Investor’s Daily Edge. Some of them, such as Afghanistan and Angola, aren’t the safest places in the world, however. And they are difficult to invest in directly.

A way around this is to find an American company doing business in these high-growth economies or a foreign company listed on a US stock exchange.