The last two weeks can definitely be defined as volatile. The financial press attributed the volatility to China, the price of oil, and investor sentiment. A number of people are not only questioning why China should move the US market but also why one should invest abroad at all.
If you are asking yourself these questions, let me recommend a fabulous book, “No Ordinary Disruption” by Richard Dobbs, James Manyika and Jonathan Woetzel. All three authors are directors of the McKinsey Global Institute. All three authors have a long history of living abroad. You can definitely sense their experience of living abroad as you read the book. The book does a great job describing the tremendous change that is underway globally especially in the developing and emerging markets.
The book covers four disrupters in society, technology, demographics and capital flows.
For a brief slide show on the book, please click on the link below.
The book can definitely challenge your perception of the world. I can definitely say this from a personal perspective. The book will also affirm the opportunities that exist abroad. While challenges exist, the book will leave you optimistic about the great changes that we are experiencing in our world today.