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The Warsaw Voice » Business » April 26, 2012
Business & Economy
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Important Role for Emerging Markets
April 26, 2012   
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The strength of emerging markets will help rebalance global growth, says economist Nouriel Roubini, Global Economic Research Partner for the Annual Investment Meeting (AIM) to be held in Dubai May 1-3.

Dr. Roubini, advisor to the International Monetary Fund fiscal committee and chief executive officer of Roubini Global Economics, shared his perspective on emerging markets’ prospects ahead of the conference.

“Looking forward in 2012 and beyond, the state of the global economy looks gloomy with high unemployment rates, mounting sovereign debt and limited economic growth in mature markets. Emerging market economies are slowing down but continue to grow strongly, and have strong long-term prospects, particularly those that have improved macroeconomic management, better use of foreign capital and stronger education. South-South trade and investment is on the rise. The next step will be policies that improve coordination and increase final demand in emerging market economies to help rebalance global growth and increase global demand. We will be discussing these realities at the Annual Investment Meeting in Dubai.”

The perfect recipe for economic prosperity, exponential growth and strategic governance has yet to be found. However, alternatives that help build stronger economic alliances, foster international trade and engage investors are the most viable and tangible options.

The key imperatives to encourage inward investments in emerging economies include establishing economic blocs to enhance regional trade. The causality between enhanced trade and FDI has long been recognized. Emerging economies trade has increased substantially and so have their economic achievements.

A new breed of developing economies, born in the aftermath of the 2008 crisis, present new economic architecture with more compelling value concepts to help accelerate the economic integration of their markets and achieve exceptional competitiveness on the global stage.

The improvement of economic and financial cooperation starts with building firm foundations to strengthen relationships between key stakeholders. The year 2010 witnessed a widespread movement towards consolidating partnerships to circumvent the negative impact of cyclic depressions in mature markets and to support emerging countries’ transition to maturity.

The key concern for prospective investors (institutional, corporate or individual) lies in the improvement of investment returns. The crucial challenge remains the availability of critical statistics to help get acquainted with countries’ sovereign risks. Structured finance aimed at assessing the viability of foreign investors’ transactions plays a major role in the growing interest in FDI as a means to finance the development of emerging markets and, more importantly, to support growth in high-potential countries.

The fierce competition among countries seeking to attract foreign capital has forced countries to drastically rethink their strategies and ground their investment promotion on core corporate principles and corporate governance. Strategic planning, intensive branding, marketing, targeted promotion and ROI assessment have become essential for the survival of transition economies as well as the ability to engineer long-term growth.

The Warsaw Voice is a media partner of the AIM.
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