B'desh joins economies with red hot growth prospect

[CaPtAiN_pLaNeT]

B'desh joins economies with red hot growth prospect
Citi analysis puts 3 SA economies on 11-nation league


B'desh joins economies with red hot growth prospect

FE Report

Bangladesh has been identified as one of 11 countries including China with the most growth potential for the 21st century, according to Citigroup.

Three South Asian economies have been included in the list-Bangladesh, India and Sri Lanka.

"We've highlighted a list of eleven countries with the most growth potential for the 21st century - Bangladesh, China, Egypt, India, Indonesia, Iraq, Mongolia, Nigeria, Philippines, Sri Lanka and Vietnam," it said in an analysis.

"We avoid the standard EM (Emerging Market) shopping list of 'what's hot', instead we describe exactly how we came to this point and explore the methodologies used," it said.

As part of Citi's focus on delivering world class intellectual content to clients, Citi has recently launched the first in a new series of centrally planned research products that focus on delivering growth opportunities to its clients.

Willem Buiter, Citi's chief economist and team have analysed global economic growth prospects as far as 2050 and address the key drivers of growth.

'Global Growth Generators' report and concept moves beyond the concepts of developed vs. emerging economies and challenges some of the traditional, outdated labels and acronyms - EM, Brics and ICs.

Buiter discusses Globalisation, Growth and Catch-up: Post-war reconstruction, the spread of the market economy and technological change shifting the technology frontier have driven global growth since the end of the second world war.

In our view, globalisation and catch-up in productively have nearly run their course hence a deep discussion from Buiter on the composition of world GDP.

'This time it's different': Many EMs either have opened up or are predicted by us to do so, and have reached a threshold level of institutional quality and political stability. Expect, volatility - booms and busts, there will be growth disasters, driven by poor policy, conflict or natural disasters.

When it comes to that, don't believe that 'this time it's different'.

 

[CaPtAiN_pLaNeT]

BRICS is passe, time now for '3G': Citi

BRICS is passe, time now for '3G': Citi

Press Trust of India / New Delhi February 23, 2011, 20:41 IST

It might not be just BRICS anymore when it comes to emerging markets but '3G' economies as well.

India and China along with nine other economies have been identified as Global Growth Generators or 3G by financial services major Citigroup.

3G indicates sources of growth potential and of profitable investment opportunities.

"We identify the 11 countries which have the most promising growth prospects. Bangladesh, China, Egypt, India, Indonesia, Iraq, Mongolia, Nigeria, Philippines, Sri Lanka and Vietnam are our 3G countries," Citi said in a report.

Goldman Sachs' coinage 'BRIC'(Brazil, Russia, India and China) has gained prominence in describing high growth economies. Late last year, South Africa joined the four-nation grouping, which is now known as BRICS.

The Citi report, prepared by analysts Willem Buiter and Ebrahim Rahbari, noted that many of the existing coinages, including BRICS, have "outlived their usefulness".

It said 11 countries identified are poor today and have decades of catch-up growth to look forward to.

"We hold the view that categories emerging markets, advanced economies, developing countries, BRICS, Next Eleven or the Growth Markets are all labels belonging to classification schemes that either have outlived their usefulness or are unlikely to ever have any," the two analysts said.

Next Eleven refers to emerging economies —- Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey and Vietnam. Growth Markets are BRICs plus Mexico, South Korea, Turkey and Indonesia.

The 3G grouping is based on a weighted average of six growth drivers -- measure of domestic saving/investment, demographic prospects, health, education, quality of institutions and policies and trade openness.

According to the report, Mexico, Brazil, Turkey, Thailand and other countries would need to implement major adjustments, including raising domestic saving and investment rates substantially, to join the list of 3G countries.

"Countries including Iran and North Korea could find it easier to join the 3G set, once they achieve political transitions or transformations required to release their economies (and societies) from their decades-old straitjackets," it added.

 

[madooxno9]

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[lonelyone]

Lets hope our governments don't fcuk up again, like they did before 1/11.

 

[below_freezing]

Bangladesh's biggest problem is a lack of electricity, literacy and healthcare. Focus on those 3, and everything will follow naturally. Bangladesh should concentrate on educating everyone to at least literacy, increase healthcare so people can at least work productively, and increase electricity so blackouts in Dhaka don't occur.

 

[Veeru]

In many of that area they are ahead of India.

As for electricity BD govt. is building new plants with the help of India.

I can see a very bright and stable future for Bangladesh, they just need to put control on radicals/terrorists.

 

[Gonjo]

In many of that area they are ahead of India.

As for electricity BD govt. is building new plants with the help of India.

Just 1 project by India i guess, rest of works are mostly taken away by the Chinese contractors. And, the first nuke project will be implemented by the Russians.