Emerging markets are big news. But after the financial crisis, what does the future really hold for them? And what does this future mean for global business? George Magnus, one of the world's most respected economic analysts, is your guide through the challenges and opportunities for emerging markets and those doing business in them. This magisterial book looks in detail at China and India - the big players - and also less hyped but crucial markets, including Eastern European countries and Turkey. Magnus takes in his sweep everything from commodity prices to climate change, and from comparative advantage to demographic to provide a compelling analysis of what the future might look like - not just for emerging markets, but for investors, businesses and economies everywhere. Uprising is a must-read for anyone who cares about the future of the global economy.
GEORGE MAGNUS is Senior Economic Adviser at UBS Investment Bank, London. Previously, he was Chief Economist at UBS; he has held similar positions with Union Bank of Switzerland and SG Warburg. George Magnus is well-known and respected as a public commentator on the long-term consequences of the financial crisis. His first book The Age of Aging: How Demographics are Changing the Global Economy and Our World was published by Wiley in 2008. He lives, works and writes in London, is married and has four children.
Acknowledgments vii Introduction 1 Chapter 1 Back to the Future? 27 Chapter 2 Who Are Those Guys? 55 Chapter 3 To Armageddon and Back 89 Chapter 4 Atomic Clouds of Footloose Funds 123 Chapter 5 After the Crisis: Catharsis or Chaos? 157 Chapter 6 Older and Wiser: Demographic and Technological Challenges 205 Chapter 7 The Climate Change Catch-22 261 Chapter 8 Who Will Inherit the Earth? 299 Notes 341 Index 353