- 225 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
About this book
Emerging market economies (EMEs) have become the darlings of international investors and the focus of enormous attention in academic, media, and policy circles. M. Ayhan Kose and Eswar Prasad present the definitive account of the evolution of EMEs and use the lens of the global financial crisis to evaluate their strengths and weaknesses.
Led by a set of large and dynamic countries—including Brazil, China, India, and Russia—EMEs have become a dominant presence in the world economy. They now account for a substantial share of world output and have been a major driver of global growth during the past decade. They are significant players in international trade and financial flows and are beginning to exert rising clout in global policy debates. However, the financial crisis of 2007–09 and the worldwide recession that followed cast a pall over the notion that EMEs had become self-reliant and ""decoupled"" from demand conditions in and financial flows from advanced countries.
Kose and Prasad, prominent experts on emerging market economies and globalization, draw on their extensive research to assess the resilience of EMEs in the face of the global financial crisis. Their analysis shows that EMEs, as a group, weathered the crisis much better than the advanced countries, and most of these economies have bounced back rapidly from the global recession. The authors track down the reasons for this resilience and explain why some countries in this group have done better than others. Based on this analysis, they draw lessons for the durability and sustainability of these economies' long-term growth. This book is important reading for anyone trying to anticipate the future growth of emerging markets or contemplating business opportunities in these economies.
Led by a set of large and dynamic countries—including Brazil, China, India, and Russia—EMEs have become a dominant presence in the world economy. They now account for a substantial share of world output and have been a major driver of global growth during the past decade. They are significant players in international trade and financial flows and are beginning to exert rising clout in global policy debates. However, the financial crisis of 2007–09 and the worldwide recession that followed cast a pall over the notion that EMEs had become self-reliant and ""decoupled"" from demand conditions in and financial flows from advanced countries.
Kose and Prasad, prominent experts on emerging market economies and globalization, draw on their extensive research to assess the resilience of EMEs in the face of the global financial crisis. Their analysis shows that EMEs, as a group, weathered the crisis much better than the advanced countries, and most of these economies have bounced back rapidly from the global recession. The authors track down the reasons for this resilience and explain why some countries in this group have done better than others. Based on this analysis, they draw lessons for the durability and sustainability of these economies' long-term growth. This book is important reading for anyone trying to anticipate the future growth of emerging markets or contemplating business opportunities in these economies.
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Yes, you can access Emerging Markets by Eswar S. Prasad,Ayhan Kose in PDF and/or ePUB format, as well as other popular books in Business & Business General. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Front Cover
- Copyright Information
- Table of Contents
- Acknowledgments
- Introduction
- Changes in the World Economic Order: A Roadmap
- Rising Global Linkages and International Business Cycles: What Do We Know?
- Setting the Stage
- Shifting Dynamics of Global GDP and Growth
- Global Trade Linkages
- Global Financial Linkages
- Business Cycle Volatility
- Comovement of Business Cycles and Financial Markets
- Exploring the Sources of Business Cycle Comovement
- Macroeconomics of Recessions and Financial Crises
- Emerging Markets during the Global Financial Crisis
- The Good and the Ugly: Emerging Asia and Emerging Europe
- What Explains the Resilience of Emerging Markets?
- Conclusions and Policy Implications
- Appendix
- References
- Index
- Back Cover