Courses Infomation

Emerging Markets by Nenad Pacek

The second edition of this successful Economist guide covers everything that businesses need to know in order to be successful in emerging markets. It uses real experiences of companies to illustrate how emerging markets work, how important they are, and the investing opportunities they have to offer. It shows the reader how to detect weaknesses in current emerging-market strategies and how to account for risk, corruption, and cultural boundaries.

Extensively updated and revised, the second edition is invaluable both for managers who are entering emerging markets for the first time and for those who are already operating in them.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Emerging Markets by Nenad Pacek

About Author

Nenad Pacek

Nenad Pacek advises organisations on how to be global. He is founder of Global Success Advisors, co-founder and co-CEO of the CEEMEA Business Group corporate service and founder of the MEA Business Group. The advisory focus is on helping executives understand economics, business and political outlooks for virtually all countries around the world and on helping companies build strategies for sustainable growth internationally.

Pacek is the author of several acclaimed books such as The Future of Business in Emerging Markets: Growth Strategies for Growth Markets (2012), The Global Economy and lead author of Emerging Markets: Lessons for Business Success and Outlook for Different Markets. He is one of the world’s leading authorities on economic and business issues that concern multinational corporations seeking faster growth internationally.

Pacek is former vice president of the Economist Group, where he spent almost two decades advising multinationals on economic and business issues and managing several business units globally (including the Economist’s government business). He chaired over 100 Economist Government Roundtables with Prime Ministers, Presidents and their cabinets throughout Western Europe, Eastern Europe, Middle East, Asia, Africa and Latin America.

Nenad Pacek is guest faculty at Duke Corporate Education and a number of corporate universities and learning programmes. Between 2011-14, Pacek was a board member of the Center for Creative Leadership.