With the anemic growth rates and somewhat stifling business climate in the West these days ironically contrasted with lower tax rates and more favorable investment and business cultures in the East (where most countries are far from democratic in any sense of the word), it isn’t difficult to believe these projections. Compound growth is not to trifle with – even when the starting base is small. Recall the chess game creator and his seemingly innocent request for grains of rice, doubling in count with each square on the board. This is a suitable metaphor for growth in Asia – alas, even if there are few kings to bankrupt.
Asia and Procurement “Emerged Markets” – Get Here or Go Home (Part 2) [Plus+]
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