The drivers of growth in the emerging world will be the urbanization of India and China; stocks won’t necessarily rise in the short term, but there will be significant growth in Asia in the long run.
The shift in economic power from West to East has been remarkable in speed, largely due to the rapid industrialization of the emerging world and the speed at which information travels today.
in University Club (Manhattan)
Related ETF: iShares MSCI Emerging Markets Indx (ETF) (Public, NYSE:EEM), iShares FTSE/Xinhua China 25 Index (ETF) (Public, NYSE:FXI)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
