Incredible shrinking economies
My colleague, Michael Schrage of MIT sent along a fascinating editorial story from the New York Times in which an observer notes that projections for the size, wealth and growth rates of emerging economies – specifically India and China – are way off. With the projections actually much smaller, the attractiveness and wealth of those markets appears to be exaggerated. This will be quite a blow to the growth strategies of many global companies who are counting on building in supposedly fast-growth markets.
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