Beyond the ESG portfolio: how Wall Street can help democracies survive

Abstract

"Emerging markets are attractive investments for many reason, including their enormous growth potential and their diversification benefits. The problem is, money doesn't discriminate between democratic and anti-democratic leaders: Markets routinely reward authoritarians like Jair Bolsonaro, Vladimir Putin, Recep Erdogan, and Hugo Chavez. Indeed, foreign money has played a major role in helping some of today's most anti-democratic leaders build, maintain, and expand their power." - Page [4] of cover