Microcredit in Russia: on the eve of a boom or a crisis?
The report highlights the Russian market of microcredits in the global context. With the increasing economic turbulence in Russia the issue takes increasing importance as microcrediting is an effective vehicle of financing the development of economy through stimulation of small and micro-enterprise. The report argues that a two-tier architecture of the market involving the banks and specialized organizations can be most effective based on the international experience.
Developing country governments will need to spend $4 trillion dollars in the upcoming decades. Such large-scale represents a large opportunity for construction and architectural firms, as well as professional money managers and retail investors, argues Dr. Bryane Michael, Senior Research Fellow of the Skolkovo Institute for Emerging Market Studies.
In 2012 the SKOLKOVO Institute for Emerging Market Studies (SIEMS) released its first Index of Soft Power, examining an increasingly popular concept in the context of emerging economies. As shown earlier, in the intervening time since it was published, the performance of various countries has changed relative to others, causing a change in the rankings. However, from an analytical standpoint, the more important change that has occurred over the past two years has been an evolution in the thinking about soft power and what it encapsulates. As international attention toward the concept has increased, so too has the understanding both... Read more
While regulators around the world look to fight shadow banking, many lenders can profit from it. In our recent report, Playing the Shadowy World of Emerging Market Shadow Banking, IEMS Senior Research Fellow Dr. Bryane Michaeldescribes how family and institutional lenders can take advantage of shadow banking opportunities in emerging markets.
What is driving the move towards one mode of entry over another? For the most part, country-specific attributes create conditions that make one entry mode more preferred. However, up until this point, we have had little consolidated data on the “appropriate” entry mode for a specific country. The author, former IEMS Senior Research Fellow Dr. Nan Zhou, tries to fill this gap through the development of two national level indexes:
If companies are to be more successful in their approach to recruiting and retaining talented employees in emerging markets they need to understand what professionals value from them as employers, by country and by profession.
A new IEMSjoint project with Ernst & Young “Differentiating for success: securing top talent in the BRICs,” launched today surveys 1,109 professionals in the BRICs – Brazil, Russia, India and China – and reveals the drivers of satisfaction, engagement and retention for each market.
Across the BRICs, the following drivers are outlined:
Brazil: Promote a high energy and socially oriented culture
Russia: Offer individuals career growth and positive work... Read more
The 2008-2009 global recession and ongoing financial crisis has been a transformative epoch. The conventional wisdom is that while the developed nations have clearly come out of the crisis significantly weakened both economically and financially, the emerging markets have sailed through the crisis with little collateral damage. The author finds this is not necessarily the case and develops a new research methodology to evaluate emerging economies in the post –crisis period.
The paper lists the five economic drivers that will differentiate emerging market winners from losers. These are:
Technological adaptability –
There is early evidence that the “digital divide” between developed... Read more