From Third World to World Class: The Future of Emerging Markets in the Global Economy
Author: Peter Marber
List Price: $17.50
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ISBN: 0738201324
Publisher: Perseus Publishing (01 June, 1999)
Sales Rank: 179,386
Average Customer Rating: 4.71 out of 5
Customer Reviews
Rating: 5 out of 5
Excellent counterpoint to today's fear of emerging markets
Over the last few weeks the emerging markets have sunk in value, and everyone seems to be running away from them in an irrational panic. Those who should know better, such as professional investors, government officials and the media, seem as uninformed about emerging market fundamentals and prospects as the average person, and have contributed to some extent to the debacle. They are even contributing to a rise in protectionist sentiment.Nobody can be expected to make rational investment decisions without historical understanding and relevant information. That Mr. Marber has opted to instruct us on the history of emerging markets and their vast potential in the context of an open, integrated global economy can only improve the current situation.
Peter Marber's book is a very welcome, refreshingly optimistic and thoroughly researched look at emerging markets, their development, and their bright future. His readers will emerge informed and armed with knowledge that will allow them to appreciate free trade and understand the forest, the trees and the extent of the investment opportunity inherent amidst the current panic.
Rating: 5 out of 5
Incredibly timely, eclectic, NOT your average Wall St. read
Peter Marber has successfully squeezed into 272 pages an accessible, though not patronizingly simplistic, and well-researched account of how the world economy got to where it is today, and how we can capitalize on the opportunities of this historic moment. He combines history, a primer on investment strategies, and a hard-nosed look at the state of the developed economies and of political debate. The result is a coherent and convincing argument for political and economic engagement, at a time when crises in the world markets would seem to prescribe isolationism. This is not a Mobius-type distillation of snap-shots and one-stop shopping in emerging market investing, but a more in-depth and interdisciplinary look at the history of development. An intelligent analysis of current economic and political debates for ALL audiences.
Rating: 5 out of 5
Redressing the Balance
Marber offers some considerable insight into the growing magnitude of emerging markets in the global economy, redressing the balance of the plethora of protectionist literature that would rather see Third World remain third. What is particularly refreshing about his approach is that he embraces the negative sentiment, potential risks, and shortcomings of emerging markets investing, and offers practical and forthright advice on how to make it work. Similar Products
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