East Asia and Pacific
Forbes publisher Rich Karlgaard thinks it's time to invest in Mexico. He cites its solid economic performance (3.5% growth this year), favorable demographics (lots of brand-new workers), consumer credit growth of 400% since 2000 (signaling a healthy middle class, and room to grow in the stock market (currently trading at just 37% of GDP).
After reading Michael's post about the Singapore Annual Meetings seminar on "Raising the Stakes: New Frontiers for the Private Sector in Development", I thought I'd share a series of troubling and probably perverse questions that crossed my mind at the same event.
It is my pleasure to introduce Milan Brahmbhatt, PSD Blog's newest contributor. Milan is an analytical economist with a broad range of intellectual interests. He's currently a lead economist for the World Bank's East Asia and Pacific Region and editor of the twice yearly East Asia Regional Brief. He'll be sharing stories of private sector development in the region, plus broader commentary from his unique, generalist perspective.
If I put it in an extremely crude and simplistic form, organizations in the future will be like IKEA, the Scandinavian furniture retailer. It's a brand, it's a franchise, you don't know where the manufacturer is, you don't know who's designing the furniture, or who is motivating customers to want to buy these products, but there's a set of forces that are helping make this happen. Most corporations will take that position, whether they are in engineering or otherwise.