Asian developing markets cannot depend on Western investors anymore

Reorganization of supply chains has changed dynamics of capital flows

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U.S. President Joe Biden highlights his economic agenda in Wisconsin: Self-interest and the pursuit of self-sufficiency mean that a globalized world can no longer be taken for granted. © Reuters

Henny Sender is the founder and managing partner of Apsara Advisory, a strategic consultancy for financial services companies. She was previously a managing director at investment company BlackRock.

Until recently, the Nasdaq Stock Market was sucking the oxygen out of nearly every other exchange globally. For the last few years, the mantra among U.S. investors has been: Why take risk in venturing abroad when it is so tempting to simply buy the shares of Apple or Nvidia?

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