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From the PublisherThe turbulence of the late 1990s in emerging markets has temperedthe enthusiasm of many Western investors. In this new climate, itis more important than ever for developing countries to attractforeign investment to achieve economic advancement and povertyreduction.
In this book, Jeffrey Hooke, a former investment officer with theInternational Finance Corporation who now heads his own investmentbanking firm, provides both Western investors and developmentprofessionals with a comprehensive guide to the variousopportunities and pitfalls associated with that they can encounterin dealing with emerging markets. He defines what emerging marketsare (and what they are not)and discusses why multinational firmsshould invest in them, reviewing some of the obstacles toinvestment, including hidden barriers to entry, capriciousgovernment actions, sudden setbacks in a country's economicperformance, devaluations, and the lack of information. His accountis illustrated by descriptions from his own experiences and thoseof other investors in Africa, Asia, Eastern Europe, and LatinAmerica. (Finance & Development, A quarterly magazine of theIMF, September 2001, Volume 38, Number 3)
"...this book provides a clear understanding of what emergingmarkets are..." (Moneywise, November 2001)