Thursday, June 11, 2009

Emerging Economies Should Be Growing Faster Nouriel Roubini

Emerging market economies like Russia have higher potential growth than advanced economies , they should be growing faster , but their growth model has been based on export like growth in China in Russia and many of them , now we are in world in which the first consumer the United States is now contracting and therefore it cannot be anymore export growth model for these economies , either they find ways in growing domestic demand especially domestic products and consumption otherwise despite they higher potential for growth they are not going to have sustainable growth " " answering the question about why foreign investment is way less in a country like Russia compared to other developing countries like China or India he answered " historically there is has been more institutional problems in Russia regarding the rule of law , it has been a question mark , there is also the political risk that explains it " the video ..I am tired of typing ..LOL

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