Domestic sectors in emerging markets set to thrive - Barings

He says investors have highlighted the importance of the contribution of outsourcing and offshoring since the late 1990s crises in many emerging markets. This in turn has led to a focus on the manufacturing export sectors and the OECD-supply chain economies. “However, we believe the conditions that gave rise to this focus are cyclical rather than structural in nature. "It is the emerging consumer and related domestically-focused industries in emerging markets that will in fact be the key beneficiaries of rising emerging market purchasing power in the future,” Syme says. In 2006, ma...