Further to the revolution is the author Antoine van Agtmael who was quite accurate when he coined the phrase “emerging markets” several decades ago. This term, accurately replacing what was formerly labeled “Third World,” describes the mega-shifts in the global market. According to van Agtmael, these markets will have claimed fifty percent of the global economy within the next quarter century. Truly a man ahead of his time.
The Emerging Markets Century: How a New Breed of World-Class Companies Is Overtaking the World , by Antoine van Agtmael, was the gold medal winner of the Economics category. Visit the website here . The book describes how countries like Brazil, India, and China have scaled the economic ladder and how they will continue to do so. Drawing upon years of experience and knowledge, van Agtmael also informs readers of how understanding this growth is crucial to understanding globalization in the future as well as the fate of the Western influence.
Still, closing with tips on how to make money in emerging markets, his book cautions that “the real secret is that the secret is always changing.” Indeed, amid the hype about emerging markets, Mr. van Agtmael understands that some had a long history of fabulous wealth before 1800, so they are essentially re- emerging, like India and China. He also grasps that 80 of the top 100 companies in the original Emerging Markets Index he created 25 years ago have vanished. These organizational disappearances are likely more a result of overall impacts of the revolution, of which globalization is but one.