Purpose Stirred by scant regard for market phases in portfolio performance assessments, the current paper investigates the active versus passive investment strategies under the bull and bear market conditions in emerging markets focusing on South Africa as a case study....

Using an interdisciplinary approach, this book analyzes the relationship between higher education, the economy, and government in the development of a democratic and market economy society in select emerging market countries

In his interview with ManagementFirst, corporate growth guru Chris Zook reveals that over 80 percent of companies that achieved good growth levels over ten years grew in a pattern that resembled the emanating rings of a tree. They grew in their core business, possibly gaining a slight amount of...

The 1990s witnessed several acute currency crises among developing nations that invariably spread to other nearby at-risk countries. These episodes-in Mexico, Thailand, South Korea, Russia, and Brazil-were all exacerbated by speculative foreign investments and high-volume movements of capital in...

In the late 1990s, economic and financial crises raged through East Asia, devastating economies that had previously been considered among the strongest in the developing world. The crises eventually spread to Russia, Turkey, and Latin America, and impacted the economies of many industrialized...

Middle income countries (MICs) are facing rapidly evolving development challenges as their economist mature and integrate into the global economy. As a group, the 86 MICs account for about one -- fifth of world output, and their per capita income has grown by almost 4 percent annually since...

Recent crises in emerging markets have been heavily driven by balance-sheet or net-worth effects. Episodes in countries as far-flung as Indonesia and Argentina have shown that exchange rate adjustments that would normally help to restore balance can be destabilizing, even catastrophic, for...

Globalization has changed the nature of many markets. Previously protected local industries have been forced to become more competitive, a situation that provides both opportunities and challenges. Key among these is the challenge of implementing responsible business practices. Corporate social...

The adoption of pro-market economic reforms by emerging market economies in the last two decades has transformed the institutional context for firms in these economies. The objective of this volume is to better understand how domestic and foreign firms have transformed their strategy,...