Doing Business in Emerging Markets

A great read: Big firms in India face new competition

https://www.economist.com/news/business/21727065-it-gets-easier-do-business-it-will-get-harder-earn-huge-profits-big-firms-india

The Economist article notes:

“India is a terrible and brilliant place to do business. Just as investors talk about a “Korea discount”, to describe chaebols’ lousy profits, so there is an “India premium”. The leading private lender, HDFC Bank, has an 18% ROE, ranking tenth among the top 100 global lenders. Hindustan Unilever, a consumer-goods firm, has a 77% ROE, over twice that of its parent, Unilever. Even in basic industries, such as cement, returns have been relatively high.”

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The high cost of red tape in Nigeria

https://www.economist.com/news/middle-east-and-africa/21727119-regulatory-racket-means-businesses-stay-small-and-shadows-high-cost

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Brazil - Investors seem confident that an economic recovery is under way
https://www.economist.com/news/americas/21726689-there-still-plenty-could-go-wrong-investors-seem-confident-economic-recovery

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China’s Automotive Sector

https://www.bloomberg.com/view/articles/2017-08-29/china-s-car-sector-needs-a-shakeup-not-buyouts