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Management article
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Reference no. ROT481
Published by: Rotman Management Magazine
Originally published in: "Rotman Management Magazine", 2023

Abstract

Today's emerging markets bear limited resemblance to the markets of decades ago. The boom-busts of the 20th century have been replaced with more sophisticated central bank policies and diversified industry bases. Everywhere from China to India to Vietnam and the United Arab Emirates, a growing consumer class has driven domestics and fueled these markets, replacing the dependence on commodities that we saw two decades ago. Emerging markets expert Asha Mehta describes three mega-themes that are transforming the world's emerging markets, creating a new investing paradigm. As these markets mature, she argues, the flow of capital will benefit the investors who invest in them early.

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Abstract

Today's emerging markets bear limited resemblance to the markets of decades ago. The boom-busts of the 20th century have been replaced with more sophisticated central bank policies and diversified industry bases. Everywhere from China to India to Vietnam and the United Arab Emirates, a growing consumer class has driven domestics and fueled these markets, replacing the dependence on commodities that we saw two decades ago. Emerging markets expert Asha Mehta describes three mega-themes that are transforming the world's emerging markets, creating a new investing paradigm. As these markets mature, she argues, the flow of capital will benefit the investors who invest in them early.

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