Emerging Market Strategies Company
Emerging Market Strategies is a specialized consulting company founded by William Gamble. We serve clients by providing unique solutions for companies entering the frontiers of the global market place.
Our firm is based on the premise that economics is not just about capital and technological constraints. It is also about political-legal institutions, such as property rights, an independent judiciary, and timely enforcement of legal rights, in short an economically efficient legal infrastructure. We believe that the economic efficiency of legal infrastructure is a critical determinant of sustainable economic growth and investment opportunities.
In order to make this assessment We have developed an original methodology which is based on concepts from law and economics, and game theory. The information to support the assessment is mined from law, economics, journalism and history. The methodology can be used in any jurisdiction where the information is available. The result of this appraisal is an accurate analysis of legal risk, which like economic and political risk should be the basis of any investment decision in the global market place.
We add value by reviewing potential direct investments, indirect investments and indirect investment strategies for legal risk; reviewing contracts, joint ventures, and agreements for probability of enforcement and alternative strategies of enforcement. We also assist clients in developing country strategies, forecasting of potential economic growth, the probability of legal reform, changes after local elections, legal updates and strategies for dispute resolutions. Our advice is based on twenty years of extensive research, original theories in law, economics, game theory, theories of collective action and hard won experience from the trenches. Examples of the work of our principal, William Gamble , can be found in various books and articles listed below.
William Gamble, president of Emerging Market Strategies had been investing internationally for over twenty years. An international lawyer and economist, he developed his theories beginning with his first hand experience and business dealings in the Russia starting in 1993. Mr. Gamble holds two graduate law degrees. He was educated at Institute D'Etudes Politique, Trinity College, University of Miami School of Law, and University of Virginia Darden Graduate School of Business Administration. He was a member of the bar in three states, over four different federal courts and has spoken four languages. His work is published in journals and newspapers. He has been quoted in newspapers and magazines in the United States and East Asia. (For more information click here for curriculum vitae )
Books
Investing in China: Legal, Regulatory and Financial Risk from Quorum Books, December 2002. available at Amazon.com or Barnes and Noble
In process: Investing in India
Coming soon: Investing in Russia
Testimony
Testimony before the U.S.-China Economic and Security Review Commission, April 16th, 2004, Written Testimony
Foreign Affairs
The Middle Kingdom Runs Dry November/December 2000 issue of Foreign Affairs, volume 79 number 6 page 16. Republished by ChinaOnline as Death of the tax collector
Harvard International Review
Going Bust Overcoming a Dysfunctional Credit System in China for Harvard International Review - Summer 2003 China Symposium
Causes of International Currency Devaluation in Emerging Markets,
The IBM Argentina Case - Comments on the Foreign Corrupt Practices Act,
EVA and Loyalty as Measurement Tools in Creating a Balanced Scorecard,
Chinese Banks: Darkness of Asia,
Collapse of the Guangdong International Trust and Investment Corporation - Economic Effects of Legal Infrastructure Guangdong
Brazil - Effects of Restructuring: Assessment of Legal Risk -Economic Effects of Legal Infrastructure Brazil
It's all in the family: Regulating the stock regulators: Securities Law in China, ChinaOnline, December 2000, China's stock market will likely face more scandal because corruption is an integrated part of the system not likely to change soon
Listening to Uighurs, Providence Journal
Of enforcement and enterprise Contract law in China, ChinaOnline, February 2001
Restructuring in Asia - A Brief Survey of Asian Bankruptcy Law (China, Indonesia, Malaysia, and Singapore)
Restructuring in Asia II - A Brief Survey of Asian Bankruptcy Law (Hong Kong, Japan, Korea and Taiwan)
Restructuring in Asia III - A Brief Survey of Asian Bankruptcy Law (Thailand)
Royalty Wanted, Providence Journal
Relationship Protecting - Effects of Size on Restructuring
Quotations and letters
National champions have it too easy By William Gamble
Financial Times: November 19, 2003
No investment without justice By William Gamble
Financial Times ; Oct 31, 2003
Communist party in China should trust in the law By William Gamble
Financial Times ; Oct 02, 2003
Laws that protect China's powerful By William Gamble
Financial Times ; Jun 16, 2003
Shenzhen should try a multi-party democracy embedded in rule of law By William Gamble
Financial Times ; Feb 06, 2003
Insure against corporate malfeasance By William Gamble
Financial Times ; Dec 05, 2002
International Herald Tribune
Rick Smith, Trust me, he says, but the risks remain Russia / Leap of faith, November 29, 2003
Jasper Becker, While deficiencies exist, mainland companies see long-term benefits of transparency, efficient management, July 6, 2001
Jasper Becker, Foreign investors cautious over benchmark asset auction, November 20, 2001
Quote unquote, November 25, 2001
Jasper Becker , A land Misunderstood: Review of Investing in China, February 27, 2002,
David Lague, December 20, 2001, Nonperforming Loans, A Finger in The Dyke
Paul Wiseman, October 25, 2001, Deep financial problems threaten to bury China
Send comments to: xgamble@cs.com
By: William Gamble, J.D., LL.M.
Emerging Market Strategies Company
281 Olney Street, Providence, Rhode Island, United States 02906
Tel. 401-272-8906, Cell 401-829-6729 Fax 401-272-8139, Internet: xgamble@cs.com
Copyright © 2000 Emerging Market Strategies Company William Gamble. All rights reserved. Last Revised: November 19, 2003