Emerging Markets: A Practical Guide for Corporations, Lenders, and Investors [Hardcover]

Jeffrey C. Hooke (Author), Jeff Hooke (Author)

Book Description

Series: Wiley Finance | Publication Date: May 18, 2001

The ins and outs of emerging markets
Emerging markets are an integral part of the global business scene. The 1997 Asian meltdown and the Russian debt default scared investors, but as the domestic market becomes more overvalued, investors have begun seeking returns elsewhere. Destined to become a standard in the field, Emerging Markets fills the niche for a balanced evaluation of the investment opportunities in the riskiest markets throughout the world. This practical guide covers what an emerging market is, why corporations and investors should or should not invest in them, and what the risks are. Jeffrey Hooke's new book is ideal for corporations and investors who are starting to look to emerging markets as ways to improve investment returns, expand into new markets, or diversify their portfolios.
Jeffrey C. Hooke (Chevy Chase, MD) is Managing Director of Hooke Associates, LLC, an investment banking firm. He was formerly director of Emerging Markets Partnership, a $4 billion fund focusing on emerging markets, and senior investment officer of the World Bank Group.

Editorial Reviews

Review

The turbulence of the late 1990s in emerging markets has tempered the enthusiasm of many Western investors. In this new climate, it is more important than ever for developing countries to attract foreign investment to achieve economic advancement and poverty reduction.
In this book, Jeffrey Hooke, a former investment officer with the International Finance Corporation who now heads his own investment banking firm, provides both Western investors and development professionals with a comprehensive guide to the various opportunities and pitfalls associated with that they can encounter in dealing with emerging markets. He defines what emerging markets are (and what they are not)and discusses why multinational firms should invest in them, reviewing some of the obstacles to investment, including hidden barriers to entry, capricious government actions, sudden setbacks in a country's economic performance, devaluations, and the lack of information. His account is illustrated by descriptions from his own experiences and those of other investors in Africa, Asia, Eastern Europe, and Latin America. (Finance & Development, A quarterly magazine of the IMF, September 2001, Volume 38, Number 3)

"...this book provides a clear understanding of what emerging markets are..." (Moneywise, November 2001)

Review

In this book, Jeffrey Hooke ? provides both Western investors and development professionals with a comprehensive guide to the various opportunities and pitfalls associated with that they can encounter in dealing with emerging markets. He defines what emerging markets are (and what they are not) and discusses why multinational firms should invest in them, reviewing some of the obstacles to investment, including hidden barriers to entry, capricious government actions, sudden setbacks in a country's economic performance, devaluations, and the lack of information. His account is illustrated by descriptions from his own experiences and those of other investors in Africa, Asia, Eastern Europe, and Latin America. --Finance & Development, A quarterly magazine of the IMF, September 2001, Volume 38, Number 3

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Product Details

• Hardcover: 304 pages
• Publisher: Wiley; 1 edition (May 18, 2001)
• Language: English
• ISBN-10: 0471360996
• ISBN-13: 978-0471360995
• Product Dimensions: 9.3 x 6.4 x 1.1 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #1,644,470 in Books (See Top 100 in Books)

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Most Helpful Customer Reviews

4 of 4 people found the following review helpful:

5.0 out of 5 stars Highly Recommended!, June 27, 2001

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Rolf Dobelli "getAbstract" (Switzerland) - See all my reviews
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This review is from: Emerging Markets: A Practical Guide for Corporations, Lenders, and Investors (Hardcover)

Former investment banker Jeffrey C. Hooke now carries out financial deals in the developing world. He describes the potential for doing business or investing in the world's 156 emerging markets. Hooke is realistic about the great risks - such as unstable governments in impoverished countries - but he highlights future potential. His book is a solidly researched and clearly written guide to assessing the business climate and deciding what types of products make the most sense in different developing countries. After an overview of the nature of emerging markets, why companies want to participate in or avoid these markets, and how to invest and make loans there, he looks at particular markets in Latin America, Asia, Eastern Europe and Africa. We [...] recommend this worthy book to those considering working or investing in emerging markets, but academics or readers interested in how business is conducted in foreign places may also be intrigued.

2 of 2 people found the following review helpful:

5.0 out of 5 stars realistic guide to the developing world, May 20, 2002

By A Customer

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This review is from: Emerging Markets: A Practical Guide for Corporations, Lenders, and Investors (Hardcover)

The book provides a hard hitting summary of both the risks and opportunities of the developing countirs. It also included a lot of solutions to the problems one faces. I liked the way in which it addressed issues from an operating company, equity investor's, and lender's perspectives. Nobody else does that. The anecdotes on various regions were entertaining.