By Rafael Gerena, Instruxo
I was on a conference call today with Ian Bremmer, president of Eurasia Group, a global political risk research and consulting firm. He spent most of his 1-hour talk focused on China. His first main point: China will drive global economic growth for the next 5 to 10 years, but lose steam after that. He highlighted 3 key weaknesses: 1) China's working age population is set to decline in 15 years or so. This means the country's supply of low-cost manufacturing labor will be constrained. 2) China doesn't foster innovation or entrepreneurship- which hems its ability to create a world-class company ala Google or Apple. 3) China has a poor corporate governance system.
As for Latin America, Ian says Brazil should continue ascending as an economic power. And Mexico's economy should rebound as the U.S. economy does.
You can find Ian's books on Amazon by clicking here.
His Foreign Affairs Article (subscription required) is here.
As for Latin America, Ian says Brazil should continue ascending as an economic power. And Mexico's economy should rebound as the U.S. economy does.
You can find Ian's books on Amazon by clicking here.
His Foreign Affairs Article (subscription required) is here.
Rafael Gerena is the author of the "Go Global" blog and a former Economics Reporter at The Wall Street Journal. He can be reached at info@instruxo.com, www.linkedin.
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