Re: Muslim world: prospects for future growth
^ The biggest factor is capital and flow of capital that enforces growth rates y/y. FII flows into the US stock markets haven't stopped, US equities haven't nose dived even with a significant increase in oil prices. Also, i have been saying that all this animosity towards US because of oil is not healthy. It willlead to schizophrenia in the muslim world. The HCnese, Indians and Russians, will have one foot on the neck of the arabs and the other on the gas pedal in their hybrids.
GS and Mckinsey came later...for them to postulate and develop growth scenarios baseline fundamentals need to be in place. Go search for monies invested by Warburg Pincus, Carlyle, Apollo, Blackstone etc into these economies. WP was in INdia 2 years after liberalization.
THis is not selling snake oil.
SA is a regional tiger..not a global one.
As far as NAMA goes..it is in there. Most people outside of psuedo-diplomatic corps don't lump sectors such as financial services under one banner. IN 2050, financial services will account for more than 50% of global GDP. agro-fiends need to get a grip.