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Conferencia sobre Riesgo País 2011
Javier SANTISO Profesor de Economía, ESADE
El Rebalanceo de la Riquezasde las Naciones hacialos países emergentes
Conferencia sobre Riesgo País 2011
Source: OECD Development Centre, 2010 (based on Fosu, 2010 OECD Development Centre Non-Resident Fellow Working Paper).
Growth Gap between Developing/Emerging & Advanced.
Global Crisis and the Shifting Wealth of Nations: An Accelerator of Transition
Conferencia sobre Riesgo País 2011
Public Debt and Growth Dynamics.
Global Crisis and the Shifting Wealth of Nations: An Accelerator of Transition
Conferencia sobre Riesgo País 2011
Source: Based on Economist Intelligence Unit, 2010.
Global Crisis and the Shifting Wealth of Nations: An Accelerator of Transition
Conferencia sobre Riesgo País 2011
Global Crisis and the Shifting Wealth of Nations: An Accelerator of Transition
Source: OECD Development Centre, 2010 (based on IMF data).
Reserve Holdings in USD Billion.
Conferencia sobre Riesgo País 2011
Global Crisis and the Shifting Wealth of Nations: An Accelerator of Transition
Source: OECD Development Centre, 2010 (based on Datastream data).
Sovereign Credit Default Spreads.
Conferencia sobre Riesgo País 2011
Global Crisis and the Shifting Wealth of Nations: An Accelerator of Transition
Source: OECD Development Centre, 2010 (based on Datastream data).
Conferencia sobre Riesgo País 2011
Global Crisis and the Shifting Wealth of Nations: An Accelerator of Transition
Source: OECD Development Centre, 2010 (based on Datastream data).
Market Capitalization.
Conferencia sobre Riesgo País 2011
Global Crisis and the Shifting Wealth of Nations: An Accelerator of Transition
Source: OECD Development Centre, 2010 (based on Datastream data).
Conferencia sobre Riesgo País 2011
A Cognitive Crisis: The View from the South
Conferencia sobre Riesgo País 2011
A Cognitive Crisis: The View from the South
Conferencia sobre Riesgo País 2011
A Cognitive Crisis: The View from the South
Conferencia sobre Riesgo País 2011
Shifting
away
from
OECD? South
South
FDI
FDI outflows
from
developing
countries, by destinationSource: World Bank (2011), based
on
Thomson-ReutersFDI outflows
from
developing
countries, by destinationSource: World Bank (2011), based
on
Thomson-ReutersCross border
M&A
deals
from
emerging
markets, by destinationSource: World Bank
(2011), based
on
Thomson-ReutersCross border
M&A
deals
from
emerging
markets, by destinationSource: World Bank
(2011), based
on
Thomson-Reuters
South South FDI surpasses for the first time South North FDI, in 2010South South Cross border M&A deals got a new record by 2010
Conferencia sobre Riesgo País 2011
Selected bilateral M&A flows from home to host economies, 2007Source: World Bank, 2011
Shifting
away
from
OECD? South
South
FDI
Projected emerging-market outbound cross-border deals through 2025Source: World Bank, 2011
Growth in cross-border deals will ouptpace expected emerging-market GDP annual growth rates of 4.9 percent over 2010–20 and 4.1 percent over 2020–25
Conferencia sobre Riesgo País 2011
New Investors are Emerging Worldwide: The Example of Chinese Foreign Direct Investment
Conferencia sobre Riesgo País 2011
2010 single-year results are more than doubling the last 20 years of FDI Source: Economic Commision
for Latin America and the Caribbean (ECLAC), estimates on the basis of information from Thomson Reuters, fDi
Markets [online] http://www.fdimarkets.com/
and interviews with representatives of the respective companies.
Shifting
away
from
OECD? South
South
FDIChinese
booming
FDI in Latin
America
Conferencia sobre Riesgo País 2011
China, India and Brazil are at the top of FDI destination ahead of Germany, France, Russia or Mexico
Conferencia sobre Riesgo País 2011
Source: OECD Development Centre, 2010 (based on IMF data)
A Cognitive Crisis: Rising South-South Linkages
Conferencia sobre Riesgo País 2011
Trade with the US vs. Trade with China
Source: UN Comtrade data accessed via WITS, 2010
A Cognitive Crisis: Rising South-South Linkages
Conferencia sobre Riesgo País 2011
Indra
Nooyi
(India):CEO of
Pepsico
Vikram
Pandit (India): CEO of
Citibank.
Carlos Ghosn
(Brazil): CEO of
Renault Nissan.
Eduardo Leite (Brazil): Chairman
of
Baker& McKenzie.
Nitin
Nohria
(India): Dean of
Harvard Business School.
Lakshmi N. Mittal
(India): Chairman
and
CEO
of
Arcelor Mittal.
Sergey Mikhaylovich
Brin (Russia): Co-
founder
of
Google.
Carlos Brito (Brazil): Chairman
and
CEO of
AB Inbev.
Tidjane
Thiam
(French-Ivorian): CEO of
Prudential.
Paolo Rocca
( Italian-Argentinean): Chairman
and
CEO of
Tenaris
More and more
Multionationals mixing OECD and EM DNA’sMore and more
CEOs of Top OECD multinationals and BS
Alberto Weisser
(Brazilian): Chairman
and
CEO of
Bunge
Sunil
Kumar (India): Dean of
Chicago Business School.
Mohamed El Erian
(Egypt): CEO of
PIMCO.
ConclusionsEmerging Markets Leaders in OECD Firms and Institutions
Conferencia sobre Riesgo País 2011
Emerging Markets Leaders at the Top in International Organizations:
• Angel Gurría
(México): Former Minister now Secretary General of the OECD. Based in Paris.
• Zhu Min
(China): Former Deputy Governor of the People’s bank of China as a special advisor
of
IMF Managing
Director. Based
in Washington DC.
• Juan Somavia
(Chile): Director General of ILO. Based in Geneva.
• Justin Lin (China): Chief Economist of The World Bank Group. Based in Washington DC.
Conclusions:Beyond the Economics of the Re Balanced World
Conferencia sobre Riesgo País 2011
A cognitive crisis: A Re-Balanced World With No More Core and Periphery
