The Economist’s review of a long-term study of favela residents in Rio de Janeiro points out the social mobility behind the middle class in emerging markets – as well as the risk from the drug trade. “Still, for a while the occupants of the favelas made the best of it, with the determination of peopleContinue reading “Shanty Life in Brazil: Onward and Upward”
Category Archives: Article review
The world’s biggest economy
The world’s biggest economy The Economist’s coverage of when China will exceed America as the world’s biggest economy reinforces my thesis that emerging markets will grow faster than the S&P 500 on a long-term basis – the question is just whether that event will occur in 2019 or 2022, based upon inputting certain variables. “AndContinue reading “The world’s biggest economy”
Business and Bureaucracy
In an article on Business and Bureaucracy, The Economist notes the roadblocks that corruption puts in the way of innovation and entrepreneurial ventures. “In Mexico, the proliferation of trámites, as pettifogging rules and paperwork are collectively known, has spawned a breed of middlemen called tramitadores, who deal with greasy-palmed bureaucrats on behalf of harassed businesspeople.Continue reading “Business and Bureaucracy”
BRIC Innovation
The Economist’s coverage of innovation in emerging markets suggests that innovative BRIC companies are sharing information between themselves – completely circumventing the economic systems of the Rich World. “Smoothly managed China is very different from chaotic India. Brazilians have a much higher standard of living than Indians. Plenty of emerging-market companies are flourishing without eitherContinue reading “BRIC Innovation”
Brazil needs to be more innovative
Brazil needs to be more innovative: The excellent Schumpeter column drives home the point that not all BRICs are equal. “Can their country become an innovator in its own right, or is its recent growth little more than a by-product of China’s appetite for commodities?” “Yet Brazil suffers from two huge blocks to growth: redContinue reading “Brazil needs to be more innovative”
