Six Sizzling Markets: How to Profit from Investing in Brazil, Russia, India, China, South Korea, and Mexico

Preface vii

Acknowledgments ix

Introduction 1

CHAPTER 1 Why Invest in These Six Sizzling Markets? 13

CHAPTER 2 Passion and Paradox: The History of Brazil 25

CHAPTER 3 The Real World: Brazil from 1994 to Today 33

CHAPTER 4 A Land of Opportunity: Investing in Brazil 41

CHAPTER 5 Catching up with the West: The History of Russia 57

CHAPTER 6 Blind Turns and Growing Pains: Russia from 1998 to Today 69

CHAPTER 7 Resources to Rubles in a New World Economy: Investing in Russia 79

CHAPTER 8 A State of Mind: The History of India 95

CHAPTER 9 Shadows to Sunshine: India from 1991 to Today 107

CHAPTER 10 Power in Numbers: Investing in India 111

CHAPTER 11 Tradition, Truth, and Transformation: The History of China 149

CHAPTER 12 Calculated Conduct: China from 1978 to Today 159

CHAPTER 13 Manufacturing a Future: Investing in China 169

CHAPTER 14 A Peninsula of Perseverance: The History of Korea 195

CHAPTER 15 A Blessing in Disguise: Korea from 1993 to Today 205

CHAPTER 16 High Profits in a Tricky Neighborhood: Investing in Korea 211

CHAPTER 17 Revolution and Exclusion: A History of Mexico 229

CHAPTER 18 Democracy and a Free Economy: Mexico from 1994 to Today 243

CHAPTER 19 The Second Mexican Independence: Investing in Mexico 249

CHAPTER 20 Tips for Investing in the Six Sizzling Markets 263

APPENDIX A Country Profiles 269

APPENDIX B World Economic Forum’s Global Competitiveness Index for the Six Sizzling Markets 283

APPENDIX C Governance Indicators 287

APPENDIX D American Depository Receipts (ADRs) 291

APPENDIX E Mutual Fund Profiles by Country 327

APPENDIX F BRIC Fund Profiles 337

APPENDIX G Just Ask the Experts 341

Bibliography 351

Glossary 357

Index 367