The economic development of the emerging markets has been both astounding and disappointing all at the same time. In the span of 30 years, China has gone from a frontier economy where most of its people were underfed, under-housed with healthcare limited to herbal remedies. Today, China has grown to be the second largest economy in the world. The middle class is expanding rapidly. Housing has boomed and it is just a matter of time before most everyone has quality housing. Issues around nutrition have all but disappeared. The young people of China are starting to have weight issues due to an abundance of food. Other economies, particularly those in Africa and Latin America cannot seem to find their footing, even though they have the example of Japan, Korea, and China to follow.
