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

by Peter Marber

Overview

From Argentina to Zimbabwe, rapid growth and economic transformation are creating a wide array of new business opportunities—for 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.

Product Details

ISBN-13:	9780738201320
Publisher:	Basic Books
Publication date:	06/08/1999
Pages:	288
Product dimensions:	5.90(w) x 8.90(h) x 0.80(d)
Lexile:	1510L (what's this?)

About the Author

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.

Editorial Reviews

Marber, managing director and president of Perella Emerging Markets L.P., argues that the increasing globalization of the world economy will benefit not only investors in the First World but also citizens of the various countries to which an increasing amount of manufacturing and other industries are relocating. He uses quotes from people as diverse as Adam Smith and Lenin that capitalism is not a zero-sum game in which there have to be losers in order for others to win. The book also describes the financial markets and various ways of investing. Writing when the current unrest in Asia was already apparent, the author believes that in the long run conditions there should continue to improve. A number of books point out the dangers of globalization, so when one appears that attempts to answer some of the criticisms, it should be included in the collection. We may not have to wait long to see how valid these points may be. Recommended for public libraries.--Joseph Toschik,Half Moon Bay P.L., CA

Library Journal