The New Emerging Markets Boom in Asia ex-China and Russia
Long-Term Asia Ex-China Boom In the 1990’s, there was Asia ex-Japan. In the 2020’s, there is Asia ex-China. The next big wave of successful emerging markets investment will be in the nations bordering China: India, Pakistan, Afghanistan, Tajikistan, Kyrgyzstan, Kazakhstan, Mongolia, Russia, Vietnam, Laos, Myanmar, Bhutan and Nepal. I’d also add in Cambodia, Malaysia, and Thailand. The countries around China will not boom because of the Belt and Road Initiative (which is going to fizzle out) but because of production leaving China after China’s mistaken grab of Hong Kong – hence, ending the China dream - which is pushing the developed world to realign away from China. Long-Term Russian Boom The Russian boom will be slower, more resource-based, and will expand to its neighbors of Norway, Finland, Estonia, Latvia, Lithuania, Belarus, Ukraine, Georgia, and Azerbaijan in Europe as well as Kazakhstan and Mongolia in Asia. It’s going to take time – there are decades of fear and misapprehension to throw off – but I suspect that Russia is ready to make peace with the West and integrate to the best extent that it can. www.macroESG.com #macroESG --- Send in a voice message: https://anchor.fm/macro-esg/message