Interview with Dezan Shira & Associates’ Principal and Founder Chris Devonshire-Ellis conducted by the emerging market news platform El Emergente
How would you characterize emerging market business in China, i.e. businesspeople and investors from Latin America, Africa, the Middle East or Eastern Europe?
“All emerging markets have their own specific issues that make them all unique, however they are commonly bound by several similarities as well,” comments Devonshire-Ellis. “Typically these are relatively high GDP growth rates, inexpensive labor, and a government in place that is relaxing foreign investment laws and is pro-business. However, these trends can also lead to bumps along the way, such as inflation and periods of transition that can make the business environment difficult at times to properly navigate as the rate of development of commerce in emerging markets often outstrips the legal and regulatory environment to effectively support it. From this perspective, emerging markets are similar. The main differences are cultural, and these can often be overcome through competent local hires.” Continue reading →