The Asian Juggernaut Rolls On

More good news for the Third World. The latest Ernst and Young European Attractiveness Survey, 2007 says that emerging economies will almost certainly overtake the developed economies by 2050. The survey states that India & China will become increasingly popular destinations for global investments. In contrast, North America & Europe will become less and less popular. According to the Ernst and Young Survey, the emerging economies are the five BRICS nations (Brazil, Russia, India, China & South Africa) plus Indonesia, Turkey & Mexico. A few years ago in 2003, Goldman Sachs had launched the new Asian mania by forecasting that China & India will become the largest and third largest economies of the world respectively by 2050.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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