Forget BRIC. It's all about RGM, which stands for Rapid Growth Markets. It's a new acronym developed by Ernst & Young that represents 25 key market areas that business leaders should be paying attention to:
"Emerging Asia, with its rising middle class, will lead the way, while strong commodity prices will underpin prospects in Africa and the Middle East. Latin America is set to diversify its economies away from commodities, which have driven much of their strong growth over the past decade."
However, in today's lesson, Peter Henry points to "an imbalance between economic importance in global GDP and economic voice in the setting of the global economic agenda. And so what’s required for the future is a rebalancing of this mismatch."