From Third World To World Class: The Future Of Emerging Markets In The Global Economy

Description

A bold new vision of the global economy, in which greater participation of developing countries means greater opportunities for mostbut not all.. From Argentina to Zimbabwe, rapid growth and economic transformation are creating a wide array of new business opportunitiesfor multinational corporations and individual investors alike. But the rise of the developing world is also challenging long-held beliefs that the industrialized nations would call all the shots. In this highly original analysis of developing nations, investment, and global business expansion, Peter Marber identifies the risks and rewards of investing in emerging markets, and reveals new sources of conflict as value systems clash in a game of global economic integration where there will inevitably be financial winners, as well as losers.

Peter Marber is a founding member, managing director, and president of Wasserstein Perella Emerging Markets, an asset management firm devoted primarily to investing in the developing world. He also teaches emerging markets investing at the Business School and the School of International and Public Affairs at Columbia University.