Globalization brings far more benefits to the U.S. economy than it takes away. In a timely response to Friedman's The World is Flat and other books that fuel anxiety over globalization, William Gamble shows that both Europe and emerging economic powers like China and India have serious long-terms problems linked to their cultures, political structures, occasional instability, and state ownership of companies. These and other factors will eventually put a brake on the economic growth and manufacturing output of the Old World and hot emerging economies. As Gamble proves, American institutions, while imperfect, are stable, flexible, and dynamic--good news for U.S. workers and the economy overall. This book has the power to reframe the debate over immigration, protectionism, and trade imbalances. A steady stream of books, articles, and reports are ringing the death knell for American economic supremacy. The argument goes something like this: In a rapidly integrating global economy, technology and know-how travel at the speed of light, and nations with low-cost labor forces are replacing high-cost American workers in every industry. The next century will belong to China, India, a resurgent Russia, and other emerging regions. Hogwash, says Bill Gamble! Drawing from his research and many years in the trenches advising individual and institutional investors on legal, financial, political, and corporate issues, Gamble demonstrates that the forces of globalization are nothing new. Most important, as long as American institutions limit the power of interfering politicians and bureaucrats and protect free markets, the American economic system will guarantee resilience, competitiveness, andprosperity. The fundamental protections of property and free speech, a culture that promotes and rewards entrepreneurship, banking policies that make capital easily available, relative transparency in corporate accounting, universal access to education, and other elements, despite their flaws, are still more supportive of economic growth and wealth creation than can be found anywhere else. Through in-depth examples drawn from around the world and insights honed advising a diverse clientele, Gamble dispels common myths and misconceptions about American competitiveness and its future prospects. He also identifies potential threats to the U.S. system from within and assesses the ways in the U.S. ultimately stands benefit from the forces of globalization. In addition, this book: *Provides an international perspective by comparing U.S. institutions, structures, and practices to those in such hot spots as China, India, Russia, Eastern Europe, and Southeast Asia. *Addresses issues like outsourcing, entrepreneurship, immigration, and low-cost labor head on. *Offers insights based on a combination of rigorous research and practical expertise. *Presents complex ideas in an engaging and accessible style. Designed to stir up debate, this book is sure to open minds and help readers better understand and appreciate the institutions that have made the United States an economic powerhouse for two centuries.

There is a dearth of accurate information and analysis on China's economic/business infrastructure available to the investment community. Using cases from the Asian press and elsewhere, Gamble shows, in no uncertain terms, the challenges of doing business in China, from real estate to joint ventures and beyond. This book is vital reading for business executives, investors, and anyone concerned with China's business and economic environment.

It is possible to read the pertinent law in China--translations of statutes are available--yet determining exactly how the legal infrastructure works on the ground is difficult. Without proper guidance, discerning the infrastructure's impact on risk management, economic forecasting, or prospective business and financial operations is next to impossible. Gamble provides that information through a combination of his own experience, legal research, economic analysis and investigative journalism.

You see it in every business paper or magazine. You hear it on every financial talk show. You are deluged with facts presented as certainty: China will be the number one economy. The BRIC countries (Brazil, Russia, India, China) will continue to outstrip the developed world in growth for decades to come. Emerging markets are therefore a sure bet for making money and should be part of every portfolio. But is it true? Emerging markets undoubtedly present one of the most exciting investment opportunities that has occurred over the last twenty years. But so was the U.S. housing market--if you knew when to get in and get out. Emerging markets are no different. To understand them you have to understand that they are different. You have to understand that you are not on Wall Street anymore. Different rules apply. And there are not only vast differences between developed and emerging markets, but vast differences among emerging markets themselves. The opportunities and risks are substantial and vary enormously between countries.Investing in Emerging Markets will help the retail investor, the more sophisticated money manager, and the prospective international businessperson to get beyond the hype, the marketing, and the dreams to understand the real risks and to take advantage of the real opportunities.This book: * Provides an overview of the emerging markets prime for investing * Outlines the snares awaiting the unwary * Guides novice investors and professionals alike * Shows how to make money by carefully selecting markets for investment What you'll learnThis book explains: * The real meaning of BRICs, CIVETs, and how each country is vastly different * How in-country rules change the game for investors * The real nature of the Chinese economic system and what it means for investors * The potential of India for investment * Russia and the anatomy of corruption (beware the bear) * Brazil, Korea, and the limits of government * How to investing in frontier markets * How to profit from emerging markets Who this book is for Investing in Emerging Markets is for the retail investor, the more sophisticated money manager, anyone who is or wants to be part of the global market, and anyone who wants to understand the changes in store for the globalized economic world. Table of Contents * Emerging Markets v.Marketing Emerging Markets * You Are Not on Wall Street Anymore * China * India * Russia * Brazil * Other Emerging Markets * Profiting from Emerging Markets Appendix: Sources of Information on Emerging Markets