From Third World to World Class
The Future of Emerging Markets in the Global Economy
Jun 1, 1999

Amid globalization, rapid growth and economic transformation are creating a wide array of new business opportunities—for multinational corporations and individual investors alike. But the rise of the developing world is also challenging long-held beliefs that the industrialized nations would call all the shots. In this highly original analysis of developing nations, investment, and global business expansion, Peter Marber identifies the risks and rewards of investing in emerging markets, and reveals new sources of conflict as value systems clash in a game of global economic integration where there will inevitably be financial winners, as well as losers.

From Library Journal
Marber, managing director and president of Perella Emerging Markets L.P., argues that the increasing globalization of the world economy will benefit not only investors in the First World but also citizens of the various countries to which an increasing amount of manufacturing and other industries are relocating. He uses quotes from people as diverse as Adam Smith and Lenin that capitalism is not a zero-sum game in which there have to be losers in order for others to win. The book also describes the financial markets and various ways of investing. Writing when the current unrest in Asia was already apparent, the author believes that in the long run conditions there should continue to improve. A number of books point out the dangers of globalization, so when one appears that attempts to answer some of the criticisms, it should be included in the collection. We may not have to wait long to see how valid these points may be. Recommended for public libraries.?Joseph Toschik,Half Moon Bay P.L.,

From Booklist
Entrepreneurs and investors who want to stay ahead of the pack often look to so-called emerging markets for new opportunities. Investment guru Mark Mobius has previously touted investment options in Mobius on Emerging Markets (1996), and Jeffrey Garten surveyed the business climates of big and emerging markets in The Big Ten (1997). Marber is a founding member and president of Wasserstein Perella Emerging Markets L. P., an asset-management firm devoted primarily to investing in developing regions. He covers much the same ground as Mobius and Garten, but he also identifies and analyzes the underlying trends he says are creating the economic transformation of much of the less-developed world. Marber argues that multinational corporations are "helping the poor get richer and the rich stay rich." He also makes the claim that the world economy is not based on a zero-sum scenario; growth of the Third World will not come at the expense of industrialized economies, though some First World nations might face an "economic squeeze" as a result of "restrictive labor regulations." David Rouse --This text refers to an out of print or unavailable edition of this title.

Product Description
From the Americas to Asia, rapid growth and economic transformation are creating a wide array of new business opportunities-for multinational corporations and individual investors alike. But the rise of the developing world is also challenging long-held beliefs that the industrialized nations would call all the shots. In this highly original analysis of developing nations, investment, and global business expansion - written against the backdrop of financial crises in Asia, Russia, and Latin America - Peter Marber identifies the risks and rewards of investing in emerging markets, and reveals new sources of conflict as value systems clash in a game of global economic integration where there will inevitably be financial losers, as well as winners.

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* ENDORSEMENTS and REVIEWS *

"Peter Marber demonstrates that the power of free markets is overtaking the intellectual pessimism of the 1980s and that over time great new economic powers will be formed.”

-Walter B. Wriston, former Chairman and CEO, Citigroup

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"Future Reference Reading for the 24/7 Marketplace"

-Wired Magazine, 2001

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"Top 10 Business Book"

-Knight Ridder Newspapers, 1998

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"From Third World to World Class skillfully blends history, economics, and financial practice in a most thoughtful and easily understood analysis of one of the most critical developments of our time. If you are interested in the emerging global economy, this is important reading."

-Jeffrey E. Garten, former Dean, Yale School of Management

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“As entertaining as it is incisive, Peter Marber’s From Third World to World Class is the best available guide to investing in the emerging markets.”

-Michael E. Chamberlin, Executive Director Emerging Markets Traders Association