*Rich People Poor Countries*

That is the new and excellent book by Caroline Freund; the subtitle is The Rise of Emerging-market Tycoons and Their Mega Firms.  It looks at the rise of billionaires in emerging markets, offers a new data base on how they earned their wealth, and takes a generally “pro-billionaire” stance, at least relative to many other sources.

Here is a tape of yesterday’s session on the book.  The author summarizes, I give my comments a smidgen after 35:00, and then there is more.  Here is also a new and related working paper by Freund and Sarah Oliver.


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