Emerging Growth Macro Economics

"Jerome does a masterful job detailing the intellectual failures in the way we think about the world in economics, in finance theory and in the practice of investing. He makes a thoughtful, well-researched contribution to the search for alternatives with particular reference to emerging markets and their central role in the global economy. The book is a must-read for everyone engaged in financial investment and asset allocation." — Marcy Elkind, Ph.D., President, Elkind Economics, Inc. "Booth is an experienced and successful emerging market investor and his passion for his subject comes through in this thoughtful book. But this book is about more than emerging markets. Booth uses a broad historical context and lessons from disciplines such as behavioural finance to challenge a number of investment conventions and practices." — Stephen Gilmore, Head of strategy, Future Fund "A fresh and crisp insight into Emerging Markets, placed within its important historical perspective. Essential reading for anyone interested in a key part of our economic future." — Robert Read, Head of Art and Private Clients, Hiscox Partner. "The rapidly changing shape of the global economy is the most important story of our time. Jerome Booth not only understands this, but is determined the rest of us understand it too. No arm-chair screen-based economist, Dr Booth"s writings are built on years of hands-on emerging markets experience. The rise of the emerging markets is a reality. The future is now. This trend could either benefit the West, or hasten our decline – depending on how we play it. Our current approach – lip-service, combined with denial and confrontation – is deeply-counter-productive. Dr Booth argues, instead, for respect, engagement and deep political and commercial co-operation. He is surely correct – and the prosperity of our children and grandchildren depend on his message breaking through." — Liam Halligan, Economics Commentator, Sunday Telegraph.