The Global Economy's New Frontiers
The global economy is in transition, not so much as the result of superpower politics, but more so as the quiet byproduct of shifting investment in emerging economies. We are at the end of supersized returns found in Brazil, Russia, India, China, and South Africa (BRICS), foreign direct investment constants since 2001 that have in recent years become fragile economies. That bygone era has been replaced by a “Frontier Era,” a period marked by a concentration on economies scattered throughout Africa and Asia. Considering the volatility of frontier economies and today’s nationalist rhetoric, new skills are necessary to successfully navigate this shift. This transition will kick risk management into new levels of intensity.