Contents
Part One: On the Selection and Classification of Developing Markets
Chapter 1: On Developing Markets in General
The Notion of Developing Markets
The Nature and Structure of Emerging Markets
The Spectacular Rise of Developing Markets
Practical Perspective on Frontier Economies
Chapter 2: Developing Market Classifications and Categorizations
Investable Emerging Market Classifications
Frontier Market Categorizations
Chapter 3: Considerations on Emerging and Frontier Market Classifications
Consequences of Classifications
A Potential Leap in Classifications
Indexing and Passive Investment: The Asian Investor Perspective
Chapter 4: Alternatives on Selecting Investable Developing Economies
Investor Factors of Importance
Global Manufacturing Competitiveness
Chapter 5: Private Equity Flows as a Lead Indicator
Private Equity Flows: The Next Wave of Investable Markets
Private Equity as Lead Indicator
Emerging Markets Private Equity in Practice
Chapter 6: A Different Selection of Investable 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
Chapter 8: A Case for Frontier Markets
Key Drivers of the Frontier Markets Opportunity Set
Risks to Investing in Frontier Markets
Chapter 9: Subcontinents: Sub-Saharan Africa and Southeast Asia
The Investment Case for Africa
South and Southeast Asia Frontiers: Opportunities Abundant
Chapter 10: Regions: Middle East, GCC, Levant, and North Africa
The Soft Side of Business in MENA
Investor Markets in MENA, GCC, North Africa, and Levant
The Case of Oman: Solid Foundations for Investment
United Arab Emirates: Plentiful Business and Capital
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
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?
Chapter 13: Nascent Stock Markets: Myanmar, Laos, and Cambodia
Myanmar: Change toward Long-Term Attraction?
Lao People’s Democratic Republic: Emerging from Isolation
Kingdom of Cambodia: A New Market
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
Chapter 15: Critical Business Issues in Developing Markets
The Importance of Being Earnest: The UK Bribery Act Globally
Information Technology in Developing Markets
Chapter 16: Operating in Emerging Markets
The Substance of Marketing in Developing Markets