[quote=http://www.bloomberg.com/bw/articles/20 ... ng-markets]The staying power of state capitalism should be a source of concern for Western policymakers. Economic liberalization in the giant emerging markets matters not only for Indians and Chinese and Brazilians but also for the entire world. These huge nations will be the biggest engines of expansion over the next three decades. Standard Chartered (STAN:LN) bank estimates that about 70 percent of global growth until 2030 will come from emerging markets. Breaking free of the shackles of statism would allow them to grow even faster, to the benefit of the entire world economy, including the U.S.
The growing middle classes in these countries are, after all, increasingly the leading consumers of Western products and will be essential to the continued success of companies in Europe, Japan, and the U.S. as populations in much of the developed world shrink. If these emerging giants slow down drastically, with the state hindering entrepreneurship and running up debt, Western companies—and the world—could face a prolonged slump that would make the last few years look like a mild blip.[/quote]
Rise of The False Reformers
Moderator: Global Moderator
-
MachineGhost
- Executive Member
- Posts: 10054
- Joined: Sat Nov 12, 2011 9:31 am
Rise of The False Reformers
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!