EMERGING MARKETS & DEVELOPMENT are the most promising pockets of growth and opportunity. According to HSBC within 40 years the economies of the emerging nations will eclipse the size of the developed world today. This will not happen without stable governments, adequate infrastructure (water, electricity, roads, broadband connectivity, etc) and people not ravaged by disease. Yet, no one country -- developed or developing, no one company or foundation however large-- can create these conditions by themselves. And the people in the U.S. as well as most developed countries have much to gain as well. With retailing already accounting for 75% of the U.S. economy most of the domestic job growth will come primarily from exports and global supply chains.
A sophisticated understanding of the capabilities and the art of leveraging the public and private resources to drive economic growth and well-being is essential. Breakthroughs will come through companies, countries and donors working together to formulate smart, catalytic deals.
Learn more. Here are additional readings about emerging markets:
The Guardian: (Photo by Alamy) A new guide mapping cleantech innovations shows sustainable innovation is picking up pace in emerging economies.
Created by HSBC Global Research
The Guardian: (Cesar Ferrari / Reuters) As growth slows down in the Brics, policymakers and business leaders must shift their attention from accessing foreign capital to developing local talent.
An excerpt from the Harvard Business Review (Artwork by Damián Ortega).