Fully Emerged?

A post at Newsweek's Wealth of Nations Blog, "By the Numbers: Buying Up the West," makes you wonder just what it means to be an "emerging" economy nowadays:

As the recession eased in the second half of 2009, rich nations continued to scale back acquisitions in emerging markets, while developing economies--led by China--began buying up Western companies even faster, according to a new study from KPMG:

• 16 percent drop in developed-country acquisitions in emerging markets in second half of 2009
• 30 percent rise in emerging-market acquisitions in the developed world
• 47 percent drop in developed-country acquisitions in emerging markets since 2007
• 52 percent rise in China's acquisitions in developed countries since 2007

Comments

[roger]

I think of it,as Colonialism in reverse.
But then I have a wicked mind .