High Growth Markets (August 2012) - Global Edition

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HIGH GROWTH MARKETS Insight and perspective on today’s global economic hot spots

Art of transition North Africa works through the difficult transition to democracy, a new art market emerges in the Gulf and Far East, and lacquer painters in Myanmar wonder if their traditions can survive tourism. Outsourcing R&D No more budget brainpower Strategic alliances The fashionable way into emerging markets Russia joins the WTO Who stands to benefit?

RAMIN SALSALI: COLLECTOR’S COLLECTOR

One of the most influential figures in the emerging art world of the Middle East I had launched my company and was traveling a lot, and I had to overcome my ‘Lost In Translation’ feelings by going to galleries and museums. And I began to buy art. A true collector cannot be engineered. Some jump into the art market, hire people to create a collection. They are investors, not collectors. But in time, they might develop a love for art. I encourage them to open their eyes to a wider spectrum of art, avoid what their advisor told them. It’s like a man or woman who marries without love but with calculation – but then, step by step, they fall in love. I am a man who falls in love and then marries! For more on Salsali and the emerging art market in the Gulf and China, see pages 42–45. The painting above is Shirin Neshat (2007) by Egyptian artist Youssef Nabil.

August 2012


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