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Emerging Markets: Resilience and Growth amid Global Turmoil
Paperback
EconomicsInvesting & FinanceGeneral Political Science
ISBN13: 9780815705642
Publisher: Brookings Institution Press
Published: Nov 11 2010
Pages: 224
Weight: 0.85
Height: 0.60 Width: 6.30 Depth: 9.60
Language: English
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.
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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