Is Sri Lanka a 'Breakout Nation'?

The BRIC countries—Brazil, Russia, India and China—were the stars of emerging markets in the last decade, but now their growth is slowing. So who will be the next big leaders among developing economies?

Ruchir Sharma, head of emerging market equities and global macro at Morgan Stanley, tells The Daily Ticker's Dan Gross that the next countries investors will flock to are Poland and the Czech Republic in Europe and the Philippines, Indonesia, Thailand and Sri Lanka in Asia. He discusses them all in his new book, "Breakout Nations: In Pursuit of the Next Economic Miracles."

http://finance.yahoo.com/blogs/daily-ticker/brics-123351582.html?l=1

By Bernice Napach
The BRIC countries—Brazil, Russia, India and China—were the stars of emerging markets in the last decade, but now their growth is slowing. So who will be the next big leaders among developing economies?
Ruchir Sharma, head of emerging market equities and global macro at Morgan Stanley, tells The Daily Ticker's Dan Gross that the next countries investors will flock to are Poland and the Czech Republic in Europe and the Philippines, Indonesia, Thailand and Sri Lanka in Asia. He discusses them all in his new book, "Breakout Nations: In Pursuit of the Next Economic Miracles."
Sharma defines breakout nations as countries that beat economic expectations by a wide margin. "People tell me if India grows at six to seven percent what's the big deal? I say it matters a lot because when you expect eight to nine percent and you come up with six percent, that's a big disappointment."
Another key indicator: per capita income. The lower it is the easier for those economies to grow, says Sharma.
Sharma says Poland and the Czech Republic are the "sweet spots" in Europe. They're part of the European Union but aren't on the Euro, and that gives them more flexibility to manage their economies.
Poland was the "only economy in Europe that didn't contract in 2008 and 2009," Sharma says. Both Poland and the Czech Republic have "manageable debt levels" and are attracting investments from foreign countries, which boosts growth, he adds.
His "breakout nations" picks in Asia are the Philippines, Indonesia and Thailand. All three "suffered a lot in the 1990s when China devalued its currency and took away a lot of their manufacturing base," Sharma says. "Now the opposite is happening. China's currency is appreciating a lot and Chinese wage inflation is picking up. These economies can benefit from the fact that their currencies are quite competitive and we could see some manufacturing return to these economies, which are also well run now." Last Friday China reported that first quarter growth slowed to an annual rate of 8.1% from 8.9% in the fourth quarter of 2011.
Sharma also likes Sri Lanka, an example of a "frontier market," which he defines as "out of the mainstream emerging markets" -- relatively undiscovered with a lot of upside potential but not correlated to other global markets. Nigeria and Kenya also fit that bill.
He warns investors NOT to buy commodities as a way to get exposure to emerging markets. "Commodities don't help in the long run," Sharma says. "The average real return of commodities in the last 100 to 200 years is negative."

Antonym wrote:The BRIC countries—Brazil, Russia, India and China—were the stars of emerging markets in the last decade, but now their growth is slowing. So who will be the next big leaders among developing economies?

Ruchir Sharma, head of emerging market equities and global macro at Morgan Stanley, tells The Daily Ticker's Dan Gross that the next countries investors will flock to are Poland and the Czech Republic in Europe and the Philippines, Indonesia, Thailand and Sri Lanka in Asia. He discusses them all in his new book, "Breakout Nations: In Pursuit of the Next Economic Miracles."

http://finance.yahoo.com/blogs/daily-ticker/brics-123351582.html?l=1

Unfortunately...Our Basters doesn't know to handle the situation on right direction...they mess up almost every thing, what ever should have transformed into best interest of the country in political & economic wise...So again we will miss a Great opportunity which has come our way after the 77 economic Revolution of Sri Lanka....Sad state of affairs & fools on top seats are the ones who will be held responsible this time....! Sorry Sri Lanka....

RIO wrote:

Antonym wrote:The BRIC countries—Brazil, Russia, India and China—were the stars of emerging markets in the last decade, but now their growth is slowing. So who will be the next big leaders among developing economies?

Ruchir Sharma, head of emerging market equities and global macro at Morgan Stanley, tells The Daily Ticker's Dan Gross that the next countries investors will flock to are Poland and the Czech Republic in Europe and the Philippines, Indonesia, Thailand and Sri Lanka in Asia. He discusses them all in his new book, "Breakout Nations: In Pursuit of the Next Economic Miracles."

http://finance.yahoo.com/blogs/daily-ticker/brics-123351582.html?l=1

Unfortunately...Our Basters doesn't know to handle the situation on right direction...they mess up almost every thing, what ever should have transformed into best interest of the country in political & economic wise...So again we will miss a Great opportunity which has come our way after the 77 economic Revolution of Sri Lanka....Sad state of affairs & fools on top seats are the ones who will be held responsible this time....! Sorry Sri Lanka....

Never these guys are going to change their attitudes.
We need to change our attitude and use our voting power in forthcoming election to elect people with vision.(But strongly suspect at present anyone left in the country - most of them were forced to leave the country)
These guys to stay in the power creating unwanted problems to deviate peoples concentration.(religious,ethnic,terrorism,etc etc)

Redbulls wrote:(But strongly suspect at present anyone left in the country - most of them were forced to leave the country)

Could you please name few of them ?

rijayasooriya wrote:

Redbulls wrote:(But strongly suspect at present anyone left in the country - most of them were forced to leave the country)

Could you please name few of them ?

Do you want to make this forum again as a political discussion forum?
(Most of us know the answer do not want to talk - because of fearing the white van culture)

Redbulls wrote:

rijayasooriya wrote:

Redbulls wrote:(But strongly suspect at present anyone left in the country - most of them were forced to leave the country)

Could you please name few of them ?

Do you want to make this forum again as a political discussion forum?
(Most of us know the answer do not want to talk - because of fearing the white van culture)

Do not be absurd. You are the one always tries to blame all the politicians in this country. So I just asked you to mention ur favouritees.If u do not want to mention it, it is up to you.Just blaming all the politicians in this country can lead to unnecessary useless political discussions.If u can suggest atleast few good people (as u have hinted to know them in ur previous post - I have underlined that part) it would be atleast a useful, but unnessary in an investment forum, discussion.

rijayasooriya wrote:

Redbulls wrote:

rijayasooriya wrote:

Redbulls wrote:(But strongly suspect at present anyone left in the country - most of them were forced to leave the country)

Could you please name few of them ?

Do you want to make this forum again as a political discussion forum?
(Most of us know the answer do not want to talk - because of fearing the white van culture)

Do not be absurd. You are the one always tries to blame all the politicians in this country. So I just asked you to mention ur favouritees.If u do not want to mention it, it is up to you.Just blaming all the politicians in this country can lead to unnecessary useless political discussions.If u can suggest atleast few good people (as u have hinted to know them in ur previous post - I have underlined that part) it would be atleast a useful, but unnessary in an investment forum, discussion.

OK, I respect your comment.
Discussing political matters drag us to the another arena.
Shall we stop at this point and concentrate in trading.
That way we are in unity in diversity.