Poverty Is a Growing Risk to Asian Markets
Sunday, August 29, 2004
“Poverty isn’t something investors–nor many economists, for that matter–give much thought to. It doesn’t figure readily into bond yields or stock valuations. It’s not the first thing currency traders think about when placing bets. Nor is it an issue the world’s most powerful central banks ponder seriously. Yet that’s likely to change in the years ahead. All this matters to investors because China, India and other emerging Asian economies comprise the new frontier of capitalism. Their rapid growth, energetic cities, swelling populations, emerging middle-class consumer sectors, tiny debt markets and undervalued equities are moving Asia back toward center stage.” Read full article here.