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Uprising: Will Emerging Markets Shape or Shake the World Economy
 
 
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Uprising: Will Emerging Markets Shape or Shake the World Economy [Hardcover]

George Magnus
4.6 out of 5 stars  See all reviews (5 customer reviews)
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Product details

  • Hardcover: 368 pages
  • Publisher: John Wiley & Sons (22 Oct 2010)
  • Language English
  • ISBN-10: 0470660821
  • ISBN-13: 978-0470660829
  • Product Dimensions: 21.9 x 14.8 x 3.2 cm
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Bestsellers Rank: 177,022 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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George Magnus
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Review

‘…a useful corrective to some of the more breathless and overenthusiastic tracts on China’s inevitable path to world domination.’  (Management Today, Novemberm 2010).

‘…Magnus takes an epic sweep of the emerging economies– from China and India to Turkey and Eastern Europe.’  (Wharf, November 2010).

“…a considered view of the advances of China, India and other emerging economies.”  (Financial Times, November 2010).

Magnus′s overarching argument is that China still lacks the organisations and institutions that accept …the key to technological innovation.’ (Reuters.com, November 2010).

‘…blow–by–blow account of the global scene today…his [Magnus’s] crystal ball presents surprising conclusions.’ (BMI Voyager, April 2011).

‘…worth reading’.  (Survival, June 2011).

Product Description

Emerging markets are big news. But after the financial crisis, what does the future really hold for them? And what does this future mean for global business?

George Magnus, one of the world′s most respected economic analysts, is your guide through the challenges and opportunities for emerging markets and those doing business in them.

This magisterial book looks in detail at China and India – the big players – and also less hyped but crucial markets, including Eastern European countries and Turkey. Magnus takes in his sweep everything from commodity prices to climate change, and from comparative advantage to demographic to provide a compelling analysis of what the future might look like – not just for emerging markets, but for investors, businesses and economies everywhere.

Uprising is a must–read for anyone who cares about the future of the global economy.


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Front Cover | Copyright | Table of Contents | Excerpt | Index
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Most Helpful Customer Reviews
10 of 10 people found the following review helpful
By Antenna TOP 500 REVIEWER
Format:Hardcover
In "Uprising", the economic advisor George Magnus asks to what extent the "emerging markets" of BRIC - Brazil and Russia, but more importantly India and in particular China will wrest economic power from the United States. He shows how China was inadvertently implicated in the 2008-9 economic crisis, by depositing so much of its foreign exchange earnings from exports into US banks, thus stimulating the "credit mania" of speculation in, for instance, the subprime housing market.

Taking a different perspective from other writers in this field, Magnus warns against extrapolating trends into the future and predicting the dominance of China. He reminds us of how the Soviet leader Khruschev mistakenly warned the West "we will bury you", how the Japanese miracle faded, and the US recovered from the problems of the 1970s-80s against the odds.

Despite the size, dynamism and "world creditor nation status" which make it a global power, China has certain basic problems which it has yet to address. With an ageing population and growing gender imbalance, China is demographically weaker than the US. With most of its development on the coast, China has internal regions which are important for resources and supply lines, but which may prove politically unstable. China also lacks to date the "infrastructure" of financial and legal institutions necessary for sound development, and its centralised culture discourages innovation. Can China handle the growing internal demands for consumer goods? Can it achieve western levels of income per head without massive pollution? What about increased pressure for freedom of expression?

Many of the points covered can be gleaned from regular reading of a broadsheet newspaper, but it is useful to have them summarised in one place. There is a good deal of repetition - perhaps useful to help one absorb key points. Occasionally, I felt I was being given contradictory statistical information, but only the general trends seem to matter, as most of the precise figures supplied will soon be out-of-date.

I am not sure how accessible this book is for someone with no economic knowledge - perhaps a chapter or appendix to explain certain principles -say on trade surpluses and deficits, might have been useful. Also, some of the diagrams are too small and make little sense when two or more line graphs showing different things are both reproduced in the same black print.

Perhaps a separate chapter on each "BRIC" country or (group of) emergent economies with a final summary analysis would have made for a clearer and less repetitious read.

Magnus raises questions which he cannot answer but at least he makes us think about the complexity and importance of the issues. Overall, this is informative and free from "author's ego" and bias - although I did wonder on what basis he describes the US education system as the best in the world. Also, perhaps more attention could have been given to the Chinese investment - tantamount to economic colonialism -in say, Africa which has annoyed Hillary Clinton so much.

On balance, despite the author's confidence in the resilience of the United States, I think we in the UK have cause to worry.....
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4 of 5 people found the following review helpful
Lucid and well argued 15 Dec 2010
By D. P. Mankin TOP 500 REVIEWER VINE™ VOICE
Format:Hardcover|Amazon Verified Purchase
This is an excellent book. It is lucidly written, well argued and very thought-provoking. It is refreshing to find an author who, as the other reviewer rightly states, eschews the prevailing consensus on the rise of China and India and instead puts forward an alternative thesis. Whether or not you agree with George Magnus's arguments on the future of western-sytle capitalism is not really the point. You may not be persuaded but you will certainly have broadened your understanding of recent global events and the implications for the future if you make the effort to give this book careful consideration. It is certainly worth reflecting on an alternative perspective that avoids the 'let's jump on the China/India bandwagon'.
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7 of 9 people found the following review helpful
Impressive 24 Nov 2010
Format:Hardcover
Talk about timely! With governments around the world wrestling with (or perhaps shirking after the recent G20 non-event) the implications of current account imbalances and currency policy, George Magnus has produced a key text in understanding the current gllobal economic environment. It eschews the lazy consensus that the rise of China and India leaves western capitalism doomed to play second fiddle, and sets out a range of reasons why the economic standing of the US in particular is likely to persist. Buy it, read it and have the arguments to hand to challenge economic fatalists.
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