Investing in the latest emerging market and economic miracle?
Ethical engagement, please.
Foreign investors don’t have a great record with direct investment in emerging markets.
All too often, it is a highly exploitative relationship, demanding cheap labour, easy access and complete disregard to ethical and environmental concerns.
Two decades ago, the Asian Tigers. A decade ago, Turkey and UAE. Today Vietnam…
Tomorrow, who knows? A newly independent Scotland and unified Ireland?
Unlikely, unless foreign investors can demand the highly exploitative wages so attractive to them in the latest miracle of the east.