Synopsis
Presenting a bold new vision of the global economy, in which greater participation of developing countries means greater opportunities for for most--but not all--Marber reveals new sources of conflict as values clash in the game of global economic integration.
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From the Publisher
Provocative and Elegant...Complex and Interesting
With a firm grasp of history and Wall Street, Peter Marber’s From Third World to World Class provides readers with an elegant and practical approach for understanding how we all can prosper through integration with developing countries. Contrary to the doomsayers of the last two decades, Marber argues that citizens of the so-called Third World are living longer, healthier lives and are becoming a greater component of the world economy as we speak. Such advances are being fueled by "Genius Technologies", specifically in computing and telecommunications. From Argentina to Zimbabwe, rapid growth and economic transformation are creating a wide array of new business opportunities—for multinational corporations and individual investors alike. But the rise of the developing world is also challenging long-held beliefs that the industrialized nations would call all the shots. In this highly original analysis of developing nations, investment, and global business expansion, Marber identifies the risks and rewards of investing in emerging markets, and reveals new sources of conflict as value systems clash in a game of global economic integration where there will inevitably be financial winners, as well as losers.
Leading businessmen and scholars agree. Walter Wriston, former Chairman and CEO of Citicorp notes "From Third World to World Class is a fresh, in-depth, and optimistic study...Peter Marber demonstrates that the power of free markets is overtaking the intellectual pessimism of the 1980’s and that over time great new economic powers will be formed". The Emerging Market Traders Association has said: "As entertaining as it is incisive, Peter Marber’s From Third World to World Class is the best available guide to investing in the emerging markets". And Jeffrey Garten, Dean of Yale’s School of Management has written, "From Third World to World Class skillfully blends history, economics, and financial practice in a most thoughtful and easily understood analysis of one of the most critical developments of o! ur time. If you are interested in the emerging global economy, this is important reading."
With a highly positive message, Marber has injected strong economic and financial underpinnings into the discussion of today’s international affairs.
About the Author
Peter Marber is a founding member, managing director, and president of Wasserstein Perella Emerging Markets, an asset management firm devoted primarily to investing in the developing world. He also teaches emerging markets investing at the Business School and the School of International and Public Affairs at Columbia University.
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