The Middle Class and Rich Quest for Status in Asia (NYT)
HO CHI MINH CITY, Vietnam — The quest for status is a tremendous driver of society, at whatever level of development. It is a fundamental human desire. The new middle classes of Asia, and the new rich, are looking to assert their status. This plays out in interesting ways.
Read more of Roger Cohen’s piece, Status in the New Asia.
- Expedia Ramps Up in Asia (Nikkei Asian Review)
- How China’s Middle Classes Move Their Money Abroad (SCMP)
- The Great Chinese Exodus (WSJ)
- Investors Are Overestimating the Extent of China’s Slowdown (FT Adviser)
- Chart: Asia GDP Per Capita Has Risen Sharply Since 1960 (Aberdeen)
- Meet Myanmar’s New Rich One Percent (WSJ)
- Table: Earnings Surprises in Emerging Market Asia (BlackRock)
- Emerging Market Investors Need to Think Beyond Investing in the BRICs (II)
- Don’t Believe All the Doom and Gloom Scenarios for China? (FT)
- Russia Pivoted East to Asia 800 Years Before Obama (MT)