The regular magazine from the High Growth Markets group.

This issue of High Growth Markets magazine includes: 'World building blocks' — focus on the infrastructure sector; 'Hitting headlines and bottom lines' — fraud and corruption in emerging markets; 'Disengaging from entrapment' — investments in Korea and 'Real progress' — investments in Brazil.

Backbone of the Economy

Dear Reader
It is the backbone of any national economy: with its streets and Internet connections, rail paths and sewage lines, infrastructure forms the fundamental basis for a country’s growing economic and social development.

Wherever new asphalt makes it possible to travel quickly into rural areas, the basis for new commerce arises. Wherever electricity reaches the outlying provinces of a country, a new connection to social advancement is created.

Infrastructure is a key for growth markets to successfully foster their own upward economic movement. Their special challenge: in just a few short years, they must accomplish what it took the countries of Europe and North America decades to complete. The efforts made to date and the funds available from the governments in New Delhi, Brasilia, or Beijing, for example, are therefore not enough to take on this enormous task alone.

In many areas it requires support from the private sector to finance and implement projects. But these much-needed investments could be reduced in the wake of the global financial crisis—especially from foreign investors in North America and Europe. Yet it is too early to have a full and well-founded estimate of the effects on infrastructure investments in China, India or Latin America. Beyond future uncertainties lie today’s challenges, and that is the focus of the current edition of this magazine. The world building blocks—infrastructure in high growth markets, offers an insight into where the biggest requirements are, which sectors promise special opportunities, and how the cooperation with public donors and multinational institutions can be shaped successfully in High Growth Markets.

“High Growth Markets” is also the new title of our KPMG magazine. After years of open and intensive dialogue with our firms clients’ and colleagues, we are convinced that the popular term of “emerging markets“ no longer does justice to nations such as China, India, or Brazil, among others. These countries, which were once up-and-coming, are already world market leaders in many ways. One thing, however, which continues to describe these economically successful countries, is high growth rates—and these are also vital to your entrepreneurial success.

How do you assess the development of these growing economies? Discuss this with us and our member firms’ country specialists, and also consider how we can support you in the current business environment with your investments in high growth markets.

Brian M. Ambrose
Global Vice Chairman
KPMG International

Visit High Growth Markets Magazine, 2/2008 Download Page

You can download full publication in PDF format.

CONTENTS
Global Viewiewiew
4 News from High Growth Markets
8 “Emerging economies have the ability to rebound faster than many developed markets” – Interview with Tim Flynn, Global Chairman KPMG International

Growth Focus
10 World Building Blocks

Focus Infrastructure
18 Constructing reforms –
Indian Infrastructure and the PPP model
15 “Added efficiency and global experience from the Private Sector is indispensable” – Interview with Nick Chism, Head of KPMG’s Global Infrastructure practice
23 “The multilateral organizations should do their homework” – Interview with Rajat M. Nag, Managing Director General, Asian Development Bank (ADB)
24 Discovering a new source for infrastructure – Commentary by Bastien Simeon, Water Market Specialist in KPMG’s Global Infrastructure Group, on the booming infrastructure segment
26 Sometimes only the helicopter can help – Report from Mumbai by Dr. Christoph Hein, F.A.Z. Correspondent for Asia Pacific

Business Insight
30 Hitting Headlines and Bottom lines
Fighting fraud and corruption in High Growth Markets
34 “Do you want to be part of the problem – or part of the solution?” – Three propositions by Jermyn Brooks, Transparency International, on fighting corruption

World Markerkets
36 Disengaging from Entrapment
“Next Eleven” Series, Part 6 on Korea by Brett Cole, The Economist’s Korea correspondent
39 “Korea is differentiating itself from competitors in ASPAC” – Interview with Tong-Soo Chung, Head of national investment promotion agency “Invest KOREA”
40 Innovative technologies wanted – Guest article on the investment perspectives in Korea by Dr. Bernd Reckmann, Member of the Board of the Pharmaceutical and Chemical company Merck
42 Real Progress – Ten reasons why investments in Brazil are paying off

Growing Knowledge
44 “We can’t drill our way out of it” – Column by Ali Velshi, CNN’s Senior Business Correspondent on growth perspectives in renewable energies
35 New KPMG studies
46 Statistics
47 Event Reviews
48 Events, Dates and Public Holidays
50 Contacts & Imprint

Comments (0)

Name

Email

Comment

smaller | bigger

Add Comment