It is one of the most exclusive economic clubs in the world, and it's not the G20, the G8 or the IMF board of directors. It's the dwindling list of countries that have retained the gold standard of investment grade status: the AAA rating. From Canada to Sweden, from Switzerland to Germany to Australia, these AAA countries will soon be an even smaller club as France's status totters.
Savvy long-term investors, however, should be mindful of the new and far more consequential "AAA": Asia, Africa and the Americas. These high-growth regions will drive global economic growth over the next two decades, and this new club will have a far bigger effect on our future than the old guard, most of whom will face sluggish growth over the coming decade. Many of these new AAA countries will be gathered in Dubai this week for the Annual Investment Summit, sponsored by the UAE Ministry of Foreign Trade.
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