Stephen Roach – Spotlight on BRIC Consumers
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January 25th, 2010 by Prieur du Plessis, Investment Postcards from Cape Town
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Stephen Roach, Morgan Stanley’s Asia chairman, discusses with Demetri Sevastopulo, the FT’s Asia news editor in Hong Kong, whether consumption from China, India and the other Bric countries can ever substitute the US consumer.
He also argues that the centre of gravity in the global economy will never shift to the Brics unless they rebalance their economies toward growth driven by domestic demand.
Source: Demetri Sevastopulo, Financial Times, January 21, 2010.
Dr. Prieur du Plessis is an investment professional with 26 years' experience in investment research and portfolio management. More than 1,200 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns, including his blog, Investment Postcards from Cape Town. He has also published a book, Financial Basics: Investment. Prieur is Chairman and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and a number of foreign countries. He also serves as Honorary Consul of Slovenia for South Africa, actively developing economic, cultural and scientific relations between Slovenia and South Africa. Prieur is 54 years old and live with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His leisure activities include long-distance running, traveling, reading, motor-cycling and scripophily. Read more from the author/contributor here.
Tags: Asia News, BRIC, Bric Countries, BRICs, Centre Of Gravity, China, Consumers, Consumption, Demand Source, Demetri, Emerging Markets, Financial Times, Global Economy, Hong Kong, India, Morgan Stanley, News Editor, Spotlight, Stephen Roach Morgan Stanley
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