Emerging markets ETFs’ rally has been somewhat of a surprise: They own shares of companies in less-developed nations. For decades, these stocks took a backseat with investors who would rather pay up for shares of giant companies in developed nations like the U.S. But now, many factors are working in emerging markets’ favor.
The question now is not only how America will wield its power, but how the rest of the world will respond to a superpower increasingly guided by transactional interests rather than shared norms.
The countries that thrive in the next decade will be those that export skilled humans -- not bodies. The countries that survive will be those that build talent -- not hope for visas. And the countries that collapse will be those that cling to dead models and call it “tradition.”
From Pakistan to Egypt, and possibly up to Morocco in the long run, this vast region is becoming the playground of the GCC, BRICS, and a transnational Financial Industrial Complex
