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SPECIAL REPORT: "A bigger world: A special report on globalisation," The Economist, 20 September 2008.
Slew of cool charts showing the rising profile of BRIC companies.
The judgment that "emerging markets are producing examples of capitalism at its best."
YES,
The Economist ACTUALLY SAID THAT!
Very sensible counter-fad article on "why rich-world multinationals think they can stay ahead of the newcomers." So please go easy on the post-Western, post-American buzz, because it's been predicted before many times.
Final bit is dead on: "Opportunity knocks, as long as the protectionists don't spoil it," with a great citation of the Baumol book,
Good Capitalism, Bad Capitalism, which I use in
Great Powers.
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