Tom McKay

In an interview with Business Insider, Jim Rogers has commented on the recent performance of emerging markets. He mentions that despite the hype surrounding these markets, they remain small compared to the developed world with China representing 10% of the size of Europe, Japan and the US, and India representing only 3%. Imbalances have built up in these economies, such as balance of trade deficits and he sees a full-blown crisis in poorly managed emerging markets. He cites India, saying the wolf is now at the door in the poorly managed country, but contrasts this with other emerging markets such as Myanmar and Angola which are doing well. As a China Bull, Rogers mentions the opportunities still on the table, especially in areas of agriculture, pollution control, railways and tourism. (VIEW LINK)


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