Uprising: Will Emerging Markets Shape or Shake the World Economy?

by George Magnus

Overview

Emerging markets are big news. But after the financial crisis, what does the future really hold for them? And what does this future mean for global business?

George Magnus, one of the world's most respected economic analysts, is your guide through the challenges and opportunities for emerging markets and those doing business in them.

This magisterial book looks in detail at China and India – the big players – and also less hyped but crucial markets, including Eastern European countries and Turkey. Magnus takes in his sweep everything from commodity prices to climate change, and from comparative advantage to demographic to provide a compelling analysis of what the future might look like – not just for emerging markets, but for investors, businesses and economies everywhere.

Uprising is a must-read for anyone who cares about the future of the global economy.

Product Details

ISBN-13:	9780470660829
Publisher:	Wiley
Publication date:	11/22/2010
Pages:	368
Product dimensions:	5.80(w) x 8.60(h) x 1.60(d)

About the Author

GEORGE MAGNUS is Senior Economic Adviser at UBS Investment Bank, London. Previously, he was Chief Economist at UBS; he has held similar positions with Union Bank of Switzerland and SG Warburg.

George Magnus is well-known and respected as a public commentator on the long-term consequences of the financial crisis. His first book The Age of Aging: How Demographics are Changing the Global Economy and Our World was published by Wiley in 2008. He lives, works and writes in London, is married and has four children.

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Table of Contents

Acknowledgments vii

Introduction 1

Chapter 1 Back to the Future? 27

Chapter 2 Who Are Those Guys? 55

Chapter 3 To Armageddon and Back 89

Chapter 4 Atomic Clouds of Footloose Funds 123

Chapter 5 After the Crisis: Catharsis or Chaos? 157

Chapter 6 Older and Wiser: Demographic and

Technological Challenges 205

Chapter 7 The Climate Change Catch–22 261

Chapter 8 Who Will Inherit the Earth? 299

Notes 341

Index 353

Editorial Reviews

Books addressing issues related to China's economic rise are not unusual; what sets this title apart is the level of detail Magnus (senior economic adviser, UBS Investment Bank; The Age of Aging: How Demographics Are Changing the Global Economy and Our World) provides in laying out the complex, multifaceted relationship between the United States and China. Drawing on history, demographics, politics, and economics, he paints a picture of a multipolar post-crisis world, with the United States and China its reluctant de facto leaders. Noting weaknesses in China's financial and economic governance, however, Magnus concludes that only the United States is positioned to pilot the world through the after-crisis turbulence and its reverberations. The United States will have to take the lead in establishing a new economic order. The author also sheds light on the major emerging economies (Brazil, Russia, India, and others) and the impact of both climate change and demographics on the world's economic future. VERDICT The level-headed, disinterested approach and the non-overbearing inclusion of relevant data make the book appropriate for deepening one's understanding of present geopolitical tectonics. This is highly recommended to any audience interested in political economy.—Jekabs Bikis, Dallas Baptist Univ., TX

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