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Commentary: Here s why you should bet on these three economies this decade Toggle share menu Advertisement Commentary: Here s why you should bet on these three economies this decade Economist Kaushik Basu explains why he thinks Vietnam, Mexico and South Korea are poised to prosper. Vietnam opened its economy to foreign firms in the 1980s and exports now account for 90 per cent of GDP. (Photo: AFP/Hoang Dinh Nam) 16 Feb 2021 06:10AM) Share this content Bookmark ITHACA, New York: With 2021 still young and hope in the air thanks to new COVID-19 vaccines and a new occupant of the White House, we can finally stop covering our eyes in horror and peer furtively into the future. ....
And this decade’s growth champs are S. Korea, Vietnam and Mexico Kaushik Basu With 2021 still young, and hope in the air thanks to new Covid-19 vaccines and a new occupant of the White House, we can finally stop covering our eyes in horror and peer furtively into the future. As the decade unfolds, which countries are likely to be the biggest economic success stories? My bet is on South Korea, Vietnam, and Mexico, three countries at markedly different stages of development. South Korea is an advanced economy, while Vietnam is what the World Bank calls a lower middle-income economy, like India or Bangladesh. Mexico, an upper middle-income country like Colombia, Botswana, or Indonesia, is somewhere in between. I predict that each of these economies will outperform others in its cohort over the next 10 years. ....
And this decade’s growth champs are S. Korea, Vietnam and Mexico Kaushik Basu Rich countries have less growth potential than poorer ones. With 2021 still young, and hope in the air thanks to new Covid-19 vaccines and a new occupant of the White House, we can finally stop covering our eyes in horror and peer furtively into the future. As the decade unfolds, which countries are likely to be the biggest economic success stories? My bet is on South Korea, Vietnam, and Mexico, three countries at markedly different stages of development. South Korea is an advanced economy, while Vietnam is what the World Bank calls a lower middle-income economy, like India or Bangladesh. Mexico, an upper middle-income country like Colombia, Botswana, or Indonesia, is somewhere in between. I predict that each of these economies will outperform others in its cohort over the next 10 years. ....
A crystal ball gaze at the growth champions of this new decade Photo: Reuters Share Via Read Full Story With 2021 still young, and hope in the air thanks to new covid vaccines and a new occupant of the White House, we can finally stop covering our eyes in horror and peer furtively into the future. As this new decade unfolds, which countries are likely to be the biggest economic success stories? My bet is on South Korea, Vietnam and Mexico, three countries at markedly different stages of development. South Korea is an advanced economy, while Vietnam is what the World Bank calls a lower middle-income economy, like India or Bangladesh. Mexico, an upper middle-income country like Colombia, Botswana, or Indonesia, is somewhere in between. I predict that each of these economies will outperform others in its cohort over the next 10 years. ....
This Decade's Growth Champions by Kaushik Basu - Project Syndicate project-syndicate.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from project-syndicate.org Daily Mail and Mail on Sunday newspapers.