Archive for September 20th, 2008
The infrastructure boom – Building BRICs of growth
The Economist
Compounding this year’s figure, Morgan Stanley predicts that emerging economies will spend $22 trillion (in today’s prices) on infrastructure over the next ten years, of which China will account for 43% (see left-hand chart). China is already spending around 12% of its GDP on infrastructure. Indeed, China has spent more (in real terms) [...]
Cultural similarities: India and Latin America – Polychronism
Continuing on the theme of cultural similarities, one other cultural trait that is shared in these 2 regions is polychronism (From the Greek – “poly” – many, “chronos” – time), as coined by the anthropologist Edward Hall.
In polychronic cultures, time exists to serve people – and not the other way around. No trains show [...]
Considering investments further afield
The Irish Times
Overall, emerging markets are down by about 25 per cent this year, while the worst-hit markets include the Ukraine, which has fallen by almost 60 per cent this year; China, which is down 57 per cent due to fears of a bubble; and Russia, which is down 46 per cent since its May [...]
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