Recommendation
Dazzling growth once made emerging markets the darlings of Wall Street. But reduced trade and capital flows after the 2008 global financial crisis, along with rapidly falling commodity prices and shrinking labor forces, combined to reduce growth in developing countries. The coronavirus pandemic only made things worse. Yet this cogent analysis by strategist Ruchir Sharma contends that economic reform, the digital boom and geopolitical developments could help some emerging economies to break out in the 2020s.
Summary
About the Author
Ruchir Sharma is chief global strategist at Morgan Stanley Investment Management.
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