The world should take notice — the rest are rising again
https://www.ft.com/content/18cd1c87-1662-4655-863c-b1cbd378f117
Ruchir Sharma:
Now, though, many emerging nations are in a much stronger financial position than the US. As an overstimulated superpower, relying on record deficits to power growth, America is on an unsustainable path. Emerging economies have far lower budget and current account deficits, leaving them with greater capacity to invest and drive future growth. Even countries known in the past for financial profligacy, from Turkey to Argentina, have returned to economic orthodoxy.
https://www.ft.com/content/18cd1c87-1662-4655-863c-b1cbd378f117
Ruchir Sharma:
Now, though, many emerging nations are in a much stronger financial position than the US. As an overstimulated superpower, relying on record deficits to power growth, America is on an unsustainable path. Emerging economies have far lower budget and current account deficits, leaving them with greater capacity to invest and drive future growth. Even countries known in the past for financial profligacy, from Turkey to Argentina, have returned to economic orthodoxy.
When will emerging stocks finally emerge?
https://www.ft.com/content/f31058e6-8e0e-41dd-a8e5-cc2dec9b04c0
https://www.ft.com/content/f31058e6-8e0e-41dd-a8e5-cc2dec9b04c0
https://www.telegraph.co.uk/business/2024/08/22/the-last-great-engine-of-world-economy-is-sputtering-out/