The global emerging market in transition: articles, forecasts, and studies, 1973-1998

1136 Pages·1999·2.98 MB·English

by  Vladimir Lʹvovich Kvint

The Global Emerging Market in Transition :
title:
Articles, Forecasts, and Studies
author: Kvint, V. L.
publisher: Fordham University Press
isbn10 | asin: 082321902X
print isbn13: 9780823219025
ebook isbn13: 9780585195377
language: English
Russia (Federation)--Economic conditions-
-1991- , Investments, Foreign--Russia
subject
(Federation) , Economic history--1990- ,
Investments, Foreign.
publication date: 1999
lcc: HC340.12.K96 1999eb
ddc: 332.6/73/0947
Russia (Federation)--Economic conditions-
-1991- , Investments, Foreign--Russia
subject:
(Federation) , Economic history--1990- ,
Investments, Foreign.
Page iii
The Global Emerging Market in Transition
Articles, Forecasts and Studies 19731998
Vladimir L. Kvint
FORDHAM UNIVERSITY PRESS New York 1999
Page iv
Copyright © 1999 by Fordham University Press
All rights reserved.
LC 98-54126
ISBN 0-8232-1902-X
Library of Congress Cataloging-in-Publication Data
Kvint, V. L. (Vladimir L'vovich)
The global emerging market in transition : articles, forecasts.
and studies / Vladimir L. Kvint.
p. cm.
Includes bibliographical references.
ISBN 0-8232-1902-X (alk. paper)
1. Russia (Federation)Economic conditions1991-
2. Investments, ForeignRussia (Federation) 3. Economic
history1990-4. Investments, Foreign. I. Title.
HC340.12.K96 1999
332.6'73'0947dc21 98-54126
CIP
Printed in the United States of America
Page v
To
my mother, Lydia
Page vii
CONTENTS
Preface xiii
Introduction: The Future Begins Today 1
Part I
Understanding the Global Emerging Market
Classification of Emerging Markets 19
Incorporating Global Risk Management in the Strategic 21
Decision Making Process
Emerging or Developed, What's the Difference? 34
A Different Perspective on Emerging Markets 37
How Emerging Is Emerging? 45
Investing in the Emerging Markets 47
International Monetary Fund and the World Bank: The 49
Advantages and Shortcomings
Don't Give Up on Russia 53
The Russian Investment Dilemma 67
Russia Is Creating a System to Ensure Foreign 82
Investment: $1.5 Billion Collateral Fund Established to
Safeguard Foreign Ventures
Development of International Joint Ventures in Russia: 86
Risks and Opportunities
"To Capital Markets, With Love," Says Russia 103
Russia Is Losing the Battle for Foreign Investment 105
Despite Rough Waters, Market Economy Cruises 108
Ahead: Opportunities Abound in NIS for Intrepid
Investors
Kvint's Forecast: Beyond the Political Fog, the 112
Business Horizon Looks Clear
Part II
The Top Emerging Markets of Europe, Central Asia, and
Latin America
Europe's Six Top Emerging Markets 119
Balkans:Emerging Market for International Business 131
Page viii
Bulgaria as the Last Klondike in Eastern Europe 135
Building Capitalism in Bulgaria by Decree 139
Ukraine: Living in Russia's Shadow 142
Kazakstan: Rich in History and Resources 145
Brazil: Social Development and Telecommunications 152
Market Analysis
Part III
The Emerging Market of Russia
Transition to a Free Market 169
The Last Days of Boris Yeltsin 171
Fixing Russia 178
YearendBull Run in Russia, East Europe May Slow 180
Watching Russian Business Ventures 182
Russia's Imbalance of Power 185
Election Results in the Russian Duma 188
Privileges of the Duma and Boris Yeltsin's Power 192
Russia's Crumbling Infrastructure 196
Russia's Capitalist Institutions 199
Criminal Activity in Russia: Fact and Fiction 202
New Ruble Zone Doomed, Experts on Russia Say 209
Russian Expert Addresses Community Group and 210
Faculty: Professor, Consultant, and Author Vladimir
Kvint on Campus
Russian Diamonds 212
A Healthy Realism for the Russians 215
Why Yeltsin Is Stymied 217
Gorby Takes the Fifth 218
Down the Rathole 220
Opportunity in a Shattered Land 223
Copying the Community 225
Political, Economic, and Legal Reform in the Soviet 226
Union
The New Map of Eastern Europe 230
Siberia: A Warm Place for Investors 231
Gennadi Yaneyev, Overachiever 235
Page ix
The Coup's Aftermath: Will Gorbachev Be the Loser? 236
Dead Souls 237
United We Fall 242
Czar Gorbachev? 243
The Myth of Good Czar Gorbachev 244
Harsh Look at Soviet Prospects 247
The Soviet Union on the Way to the Market: One Step 250
Forward, Then Two [Steps Backward]
Opportunities in Soviet Disintegration 251
Who's in Charge Around Here? 253
Cold War on Oil Melting with Changes in Russia 258
Reshuffling the Soviet Deck 261
The Best Way to Help Gorbachev Is to Make Life 262
Difficult for Him
Free the Ruble! 267
Lenin's Legacy 272
Russia as Cinderella 273
"We Are Bogged Down" 279
Crisis and Recovery in Soviet Economy 282
Austrian Machines for the Soviet Union: In 1990 the 286
Economic Crisis Will Worsen
Russia Charts New Island of Capitalism 289