- Antoine van Agtmael, of International Finance Corporation,
private sector arm of World Bank, coined term "emerging markets"
(vs. "Third World") to describe emerging markets in developing
countries which demonstrated real possibility of making real
money, despite admitted volatility; enjoyed higher economic
growth rates, boasted rich set of hitherto-ignored promising
companies; investing in basket of companies, countries would
provide diversification required to mitigate risk of investing
in individual stocks, countries.
Antoine van Agtmael (2007).
The Emerging Markets Century: How a New Breed of World-Class
Companies Is Overtaking the World. (New York, NY: Free
Press, 374 p.). Chairman and Chief Investment Officer of
Emerging Markets Management, L.L.C. (EMM). International
business enterprises--Developing countries--Case studies;
Investments--Developing countries; Globalization--Economic
aspects. 25 top emerging giants (Korea's
Samsung Electronics, China's computer maker Lenovo, Brazil's
iron ore giant CVRD, India's Infosys); strategies for growth,
rise to dominance.
Tim Clissold (2005).
Mr. China: A Memoir. (New York, NY: HarperBusiness, 272
p.). Cofounder - Private Equity Fund (invested $400 million USD
in China). Clissold, Tim; Bankers--Great Britain--Biography;
Bankers--United States--Biography; Investments, Foreign--China;
Business failures--China. Perils of direct
investing in emerging markets - happy to take his fund's money,
resistant to just about any change, threat to take Westerners
for all they were worth.
Eds. Saul Estrin and Klaus E. Meyer (2004).
Investment Strategies in Emerging Markets. (Northampton,
MA: Edward Elgar, 371 p.). Investments, Foreign--Egypt;
Investments, Foreign--India; Investments, Foreign--South Africa;
Investments, Foreign--Vietnam; Egypt--Economic policy;
India--Economic policy; South Africa--Economic policy;
F.T. Haner with John S. Ewing (1985).
Country Risk Assessment: Theory and Worldwide Practice
(New York, NY: Praeger, 329 p.). Country risk; Investments,
Burton G. Malkiel and J.P. Mei (1998).
Global Bargain Hunting : The Investor's Guide to Profits in
Emerging Markets (New York, NY: Simon & Schuster, 239
p.). Professor (Princeton University). Investments,
Foreign--Developing countries; Securities--Developing countries.
Mark Mobius (1996).
Mobius on Emerging Markets (London, UK: Financial
Times/Pitman Pub., 364 p.). Managing Director of Templeton Asset
Management. Investments, Foreign--Developing countries;
Securities--Developing countries. Second edition of The
Investor's Guide to Emerging Markets.
Mark Mobius with Stephen Fenichell (1999).
Passport to Profits: Why the Next Investment Windfalls Will Be
Found Abroad - and How to Grab Your Share (New York, NY:
Warner Books, 422 p.). Managing Director of Templeton Asset
Management. Investments; Foreign.
Michael P. Papaioannou, George Tsetsekos
Emerging Market Portfolios: Diversification and Hedging
Strategies (Chicago, IL: Irwin Professional Pub., 368
p.). Capital market--Developing countries; Futures
market--Developing countries; Bond market--Developing countries;
Commodity exchanges--Developing countries.
Jim Rogers (1994).
Investment Biker: On the Road with Jim Rogders (New
York, NY: Random House, 402 p.). Money Manager, CNBC
Commentator. Investments; Rogers, Jim, 1942- - Voyages; Voyages
and Travels; Motorcycling. Primer on world markets.
Adventure Capitalist: The Ultimate Investor's Road Trip.
(New York, NY: Random House, 368 p.). Co-founder, Quantum Fund.
Rogers, Jim, 1942- --Journeys; Investments; Voyages and travels.
3-year drive around world (set Guinness
record for longest continuous car journey); 116 countries: 1)
new commodity bull market has started; 2) 21st century will
belong to China; 3) dramatic shortage of women developing in
Asia; 4) Pakistan is on verge of disintegrating; 5) India will
break into several countries; 6) Euro doomed to fail; 7)
fortunes to be made in Angola; 8) Nongovernmental organizations
(NGOs) are scam; 9) Bolivia is a comer after decades of
instability (natural gas).
A Bull in China: Investing Profitably in the World’s Greatest
Market. (New York, NY: Random House, 240 p.). Co-Founder
(with George Soros) of the Quantum Fund. Investments--China;
Stock exchanges--China; Stocks--China; Securities--China;
Investments, Foreign--China. 1) Chinese
economy's growth rate has averaged 9% since start of 1980s; 2)
China's savings rate is over 35% (2% in America); 3) 40% percent
of China's output goes to exports (no crippling foreign debt);
4) Beijing's foreign currency reserves to over $1 trillion; 5)
China's fixed assets (ports, bridges, roads) double every 2 1/2
years; 6) if projections hold, China will surpass U. S. as
world's largest economy in as little as 20 years.
Jonathan Story (1999).
The Frontiers of Fortune: Predicting Capital Prospects and
Casualties in the Markets of the Future (London, UK:
Financial Times, 238 p.). Professor of International Political
Economy (INSEAD). Markets; Investments, Foreign; International
finance; International economic relations.
Augusto de la Torre and Sergio L. Schmukler
Emerging Capital Markets and Globalization: The Latin American
Experience. (Palo Alto, CA: Stanford University Press,
209 p.). Capital market--Latin America.
Financial Crises in Emerging Markets
This project, from the National Bureau of Economic Research
(NBER), studies "the causes of currency crises in emerging
market countries as well as the policies that can reduce the
risk of future crises and the adverse effects when such crises
occur." Along with a extensive collection of downloadable NBER
research papers on this subject, the site also lists upcoming
conferences on emerging markets and reports on past conferences.
Chapters from forthcoming books authored by NBER associates as
well as other authors affiliated with the World Bank, the
Federal Reserve System, and numerous universities are also
available for download. Those just beginning to learn about this
topic will want to read the list of questions that the project
is attempting to answer.