Morgan Stanley: the truth about emerging markets

Author: Danielle Myles | Published: 30 Nov 2012
Ruchir Sharma
The emerging markets concept long predates any of its acronyms. And its first wave suggests a future less rosy than many believe. Ruchir Sharma, head of emerging markets at Morgan Stanley Investment Management, dispels some emerging market myths

If there is one investment theory that has combined financial success with popular appeal, it's emerging markets.

The business decisions and dialogue surrounding the promised new global order has exploded in the 21st century. Which makes it easy to forget that Wall Street was investing in promising developing economies as early as the 1980s.

It also makes...