You're watching...
Ruchir Sharma, Morgan Stanley head of emerging markets equity team, on the evolution of emerging markets post-recession, and where investors should lo...
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Get says this analyst passed the big well known emerging market countries in focus on a new generation of global economies.
But -- Sharma is the author of breakout nations and the head of global emerging markets for Morgan Stanley.
OK so we're done with the brick -- you're saying the Brazil Russia India China you're done you've moved on to where.
But I think that one -- -- the last stake it everything minimizing market -- to live without exception.
And the most high will.
Around these big for emerging market right which came to be -- my -- the -- going to break.
And I and my point kid is that the expectations -- -- these markets seem to be too high and now these markets such as China are slowing down quite a bit.
And the implications are quite significant -- -- that commodity producing countries that you relied on the China's commodity boom who find themselves.
I think it's time to move beyond these kind of rockets into focus on economy is.
Where domestic -- was so sustaining from new economic reforms that taking place.
Or -- which are under recognized because you want to get an ugly.
The minister -- -- written by anyone.
And talking of that you say they're only two countries that have grown at an average annual pace of more than 5% for the last five decades for fifty years in a row.
Those two countries South Korea and Taiwan yes -- secret.
And I think -- to stand and how difficult it is to keep growing at sustained the F going to be speak about in lodging markets and me.
And because they had agreed decade we've come to believe that everything and emerging market got a good good with the developer wouldn't let the -- that would Harold Willis.
That I need to economies in the way to the only -- -- -- -- Developed they.
A lot of these other countries have one good -- can't and then -- for the -- How much investing in these countries my doing it -- ETFs and -- buying individual stocks what's the best way to get -- in the basement to get in his that you need to give money to people who -- even to making the distinction between different countries.
In terms of which one of the flops and which ones are stars and are people who -- -- you that you can just invest blindly in these markets and anything we go up.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- invest in any emerging market and that would win I think what -- -- now is much greater variation.
And need to focus which have flops -- -- starts with a look everyone.
Is going to be a stock.
Lot of homer capped there than for people in the emerging market -- -- -- very much that -- -- thank you very much.
