The practical guide to investing in emerging markets Though potentially risky, investing in emerging markets can offer extremely attractive returns. Opportunities in Emerging Markets offers practical advice for investors based on the real life experiences--both positive and negative--of practitioners, pioneer investors, and local heroes with experience in frontier markets. Exploring how every developing market has its own unique regional cultures and social structures that change the way investors invest, and must be understood in order to make wise investments, the book combines standard approaches to investing with the exigencies of frontier markets to create an invaluable framework for success. A collection of useful ideas that investors--institutions, general partners, limited partners, or shareholders--can draw upon when investing money in emerging markets, the book includes essential information on one of the most attractive opportunities for beating traditional markets and investments. If access, downside, and predictability can be managed, there's a great deal of money to be made in emerging markets, and this book shows how. Both investors and investment managers need to understand fundamental success factors, real framework conditions, and hidden pitfall and in Opportunities in Emerging Markets , author Gordian Gaeta analyses these intricacies in depth. Gives investors of all kinds the information they need to succeed in emerging markets Incorporates real life experiences--both good and bad--to help readers avoid common mistakes and maximize their returns Includes interviews with Mark Mobius, Jim Rogers, Marc Faber, and other leading names in the emerging markets sector For those traders brave enough to engage in high-risk/high-return investing, Opportunities in Emerging Markets is an excellent overview of the world's toughest frontier markets and how to conquer them. Featuring interviews with some of the top investors in the field, this is the definitive guide to the perils and pitfalls of investing in these highly volatile markets.
Preface Selected List of Acronyms Part One: On the Selection and Classification of Developing Markets Chapter 1: On Developing Markets in General The Notion of Developing Markets Nature and Structure of Emerging Markets The Spectacular Rise of Developing Markets Practical Perspective on Frontier Economies Conclusion Chapter 2: Developing Market Classifications and Categorizations Investible Emerging Market Classifications Frontier Market Categorizations Conclusion Chapter 3: Considerations on Emerging and Frontier Market Classifications Consequences of Classifications Issues with Classifications Indexing and Passive Investment: The Asian Investor Perspective Conclusion Chapter 4: Alternatives on Selecting Investible Developing Economies Investor Factors of Importance Essential Economic Freedoms Global Competitiveness Doing Business Governance Indicators Financial Centers Ranking Global Manufacturing Competitiveness Conclusion Chapter 5: Private Equity Flows as a Lead Indicator Private Equity Flows: the next Wave of Investible Markets Emerging Markets Private Equity in Practice5 Conclusion Chapter 6: A Different Selection of Investible Markets Part Two: The Investment Case for Developing Markets Chapter 7: Emerging Markets Investments -- Short Term or Secular Theme The Confounded State of Industrial Nations Change in Global Power Balance Emerging Markets on the Growth Path Global Redistribution has only started Conclusion Chapter 8: A Case for Frontier Markets Introduction: New, Yet Familiar Territory Key Drivers of the Frontier Markets Opportunity Set Risks to Investing in Frontier Markets Conclusion Chapter 9: Sub Continents: Sub Saharan Africa and South East Asia The Investment Case for Africa South and South East Asia Frontiers: Opportunities Abundant Conclusion Chapter 10: Regions: Middle East, GCC, Levant and North Africa Business in MENA Investor Markets in MENA, GCC, North Africa and Levant The Case of Oman: Solid Foundations for Investment Oman Stock Market Conclusion Part Three: Pragmatic Investing in Developing and Unclassified Markets Chapter 11: Investments in China Seeing the Whole China Elephant China Investing, Chinese-Style The Whole Elephant: How To Evaluate A China Investment Conclusion Chapter 12: The Genesis of Markets: Colombia, Mongolia and Haiti Colombia: From Drugs to Investment Destination Mongolia: Opportunities in the New Frontier Haiti: Out of Tragedy to Future Frontier Market? Conclusion Chapter 13: Nascent Stock Markets: Myanmar, Laos and Cambodia Myanmar: Change towards long term Attraction? Lao People's Democratic Republic: Emerging from Isolation Kingdom of Cambodia: A new Market Conclusion Chapter 14: Credit and Real Estate Markets in Emerging Economies Credit Markets of Emerging Central- and Eastern Europe Real Estate Market in the Mekong Region Conclusion Chapter 15: Critical Business Issues in Developing Markets The Importance of Being Earnest: the UK Bribery Act Globally Information Technology in Developing Markets Conclusion Chapter 16: Operating in Emerging Markets The Substance of Marketing in Developing Markets Corruption Utile Business Styles and Requirements Conclusion About the Editor About the Contributors Bibliography Index
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