The Internationalists is sweeping look at the forces shaping this next surge of economic and human development; from an investor who has logged the hard miles to know his subject inside and out.
Smart and crisp. Very practical information and a joy to read.
Mr. Jannou’s intent is to share his vast knowledge on how to successfully ride the next wave of global economic growth - where to invest, how to invest, why to invest. He succeeds wonderfully.
The Internationalists is basically an investors guide to business in the Information Age, where the world is truly flat and internationalism is the new normal. A fantastic ride and full of acute observations.
This book combines practical insights, sharp economic and investment analysis with polished prose.
This is the story of the rise of the developing world, the two next billion consumers and the window of opportunity emerging markets represent over what will likely be the last great development push the world Will ever see.
It is no secret the investment world operates around a good story, and the EMEs provided that. The herd behavior that ensued generated both huge froths (over large new consumer markets or natural resources) and unreasonable pessimism.
Investors look for a range of market characteristics and indicators when investing in emerging market economies. The three that dominate include: 1. Low wages, 2. High growth, 3. Large markets...
Who are the next billion consumers? It's the thirty-five-year-old Kenyan with four children who owns a television and prepays for her electricity and talktime. It's the rural Peruvian who sells gravel from a personal quarry and rents generators to local miners but has never traveled by airplane.
Never far from the sights of any multinational the boundless is developing-world consumer market, with all its storied potential. The emerging and global middle classes may be the fastest-growing consumer groups. But it's the so-called bottom of the pyramid that represents the greatest opportunity for scale.
Investors are drawn to emerging markets for their enormous growth potential. But each comes with its own unique challenges. Unlike Western markets, which can be fairly consistent across national and internatonal borders, the EMEs can vary widely within regions.
Access to finance has been - and continues to be - the biggest barrier to investment and growth in the developing world. Local capital markets have been generally insufficient to support internal growth, creating a catch-22 situation where developing countries can't attract investment until they've invested sufficiently in themselves.
Companies with a growth strategy want to be well-positioned to access these new markets. First-mover advantage may already be gone in most sectors. But it's still the early days of globalization. It's never too soon to establish a beachhead to secure the partners, logistics, access, and general knowledge to advance in these markets.
Embracing the future is not just good for business, its good for people. Technology breakthroughs have elevated the human condition, for the most part. The world is wealthier, healthier, and more empowered than it's ever been.