Frontier’s Bright Economic Outlook

Describes frontier markets’ fast growth (71 of the world's 75 fastest-growing economies are frontier markets) and argues that the strong macroeconomic fundamentals of today’s frontier markets, including shrinking or well-financed current account deficits, lower debt levels, moderate inflation, and increased foreign direct investment, will help these markets mimic and accelerate the path to emergence taken by today’s mainstream emerging markets

Frontier Markets Are the New Emerging Markets

Traces the path of evolution of yesterday’s frontier markets into today’s mainstream emerging markets and describes how today’s frontier markets are on a similar path.

Megatrends in Frontier Markets

Discusses megatrends that will inevitably drive major changes in frontier markets in the coming years and that may provide exciting investment opportunities.

Privatizations

Explores investments in privatizations, from the eastern European voucher programs of the 1990s to current efforts by many frontier markets to privatize state-owned assets.

Emerging Markets Have Emerged

Argues that emerging markets have emerged; the traditional distinctions between emerging and developed markets—the size of their economies, the size of their financial markets, corporate governance, government policies, even growth—have blurred or disappeared; the one surviving distinction between them is the price you pay for growth.

Frontiers of Frontier Markets Investing

Ponders the possibility of future investment opportunities on the frontiers of frontier markets—those markets currently closed to outside investors—as well as in places beyond the frontier, such as Cuba, Iran, and North Korea

Do-It-Yourself Investing in Frontier Markets

Discusses do-it-yourself frontier markets equity investing for self-directed investors.

The Pitfalls of Passive Management and Advantages of Active Management in Frontier Markets

Addresses the pitfalls of passive management of frontier market investments and makes the argument for active, and sometimes activist, frontier markets investing.

The Young and the Restless

Highlights frontier markets’ favorable demographics—large, young populations—and the one-time demographic dividend of modernization.

Other Risks in Frontier Markets

Looks at the macro- and microeconomic and “headline” risks of investing in frontier markets.