The Rising Resilience of Emerging Market and Developing Economies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475584857
Total Pages : 46 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Rising Resilience of Emerging Market and Developing Economies by : Mr.Abdul Abiad

Download or read book The Rising Resilience of Emerging Market and Developing Economies written by Mr.Abdul Abiad and published by International Monetary Fund. This book was released on 2012-12-20 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic performance in many emerging market and developing economies (EMDEs) improved substantially over the past twenty years. The past decade was particularly good—for the first time EMDEs spent more time in expansion and had smaller downturns thanadvanced economies. In this paper we document the history of EMDEs’ resilience over the past sixty years, and investigate what factors have been associated with it. We find that their improved performance in recent years is accounted for by both good policies and a lowerincidence of external and domestic shocks—better policies account for about three-fifths of their improved resilience, while less frequent shocks account for the remainder.

The Rising Resilience of Emerging Market and Developing Economies

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Author :
Publisher :
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Rising Resilience of Emerging Market and Developing Economies by : Abdul G. Abiad

Download or read book The Rising Resilience of Emerging Market and Developing Economies written by Abdul G. Abiad and published by . This book was released on 2016 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic performance in many emerging market and developing economies (EMDEs) improved substantially over the past twenty years. The past decade was particularly good-for the first time EMDEs spent more time in expansion and had smaller downturns thanadvanced economies. In this paper we document the history of EMDEs' resilience over the past sixty years, and investigate what factors have been associated with it. We find that their improved performance in recent years is accounted for by both good policies and a lowerincidence of external and domestic shocks-better policies account for about three-fifths of their improved resilience, while less frequent shocks account for the remainder.

Emerging Markets

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Author :
Publisher : Rowman & Littlefield
ISBN 13 : 0815705654
Total Pages : 225 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Emerging Markets by : Eswar S. Prasad

Download or read book Emerging Markets written by Eswar S. Prasad and published by Rowman & Littlefield. This book was released on 2011-02-01 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Rising Resilience of Emerging Market and Developing Economies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475518706
Total Pages : 46 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Rising Resilience of Emerging Market and Developing Economies by : Mr.Abdul Abiad

Download or read book The Rising Resilience of Emerging Market and Developing Economies written by Mr.Abdul Abiad and published by International Monetary Fund. This book was released on 2012-12-20 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic performance in many emerging market and developing economies (EMDEs) improved substantially over the past twenty years. The past decade was particularly good—for the first time EMDEs spent more time in expansion and had smaller downturns thanadvanced economies. In this paper we document the history of EMDEs’ resilience over the past sixty years, and investigate what factors have been associated with it. We find that their improved performance in recent years is accounted for by both good policies and a lowerincidence of external and domestic shocks—better policies account for about three-fifths of their improved resilience, while less frequent shocks account for the remainder.

Financial Development, Economic Crises and Emerging Market Economies

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Author :
Publisher : Routledge
ISBN 13 : 1317301625
Total Pages : 247 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Financial Development, Economic Crises and Emerging Market Economies by : Faruk Ulgen

Download or read book Financial Development, Economic Crises and Emerging Market Economies written by Faruk Ulgen and published by Routledge. This book was released on 2016-08-12 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recurrent crises in emerging markets and in advanced economies in the last decades cast doubt about the ability of financial liberalization to meet the aims of sustainable economic growth and development. The increasing importance of financial markets and financial efficiency criterion over economic decisions and policies since the 1980s laid down the conditions of the development process of emerging market economies. Numerous crises experienced thereafter gave rise to flourishing work on the links between financialization and economic development. Several decades of observations and lessons can now be integrated into economic and econometric models to give more sophisticated and multivariable approaches to financial development with respect to growth and development issues. In the markets-based and private-enterprise dominated world economy, two conditions for a successful growth-enhancing financial evolution can at least be brought fore: macroeconomic stability and consistent supervision. But even after the 2007-2008 global crisis, economists do not agree on the meaning of those conditions. For liberal and equilibrium-market economists, good finance and supervision mean market-friendly structures while for institutionalists, post-Keynesian and Marxist economists, good finance and supervision must lie in collectively designed and managed public structures. Drawing heavily on the tumultuous crises of the 1990s-2000s, this book argues that those experiences can shed light on such a crucial issue and lead economic theory and policy to go beyond the blindness of efficient free markets doctrine to economic catastrophes. It also points to new challenges to global stability in the wake of reconfiguration of international financial arena under the weight of major emerging market economies.

Rising Tide

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Author :
Publisher : Peterson Institute
ISBN 13 : 0881325007
Total Pages : 299 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Rising Tide by : Lawrence Edwards

Download or read book Rising Tide written by Lawrence Edwards and published by Peterson Institute. This book was released on 2013 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1963, John F. Kennedy said that "a rising tide lifts all the boats. And a partnership, by definition, serves both parties, without domination or unfair advantage." US international economic policy since World War II has been based on the premise that foreign economic growth is in America's economic, as well as political and security, self-interest. The bursting of the speculative dot.com bubble, slowing US growth, and the global financial crisis and its aftermath, however, have led to radical changes in Americans' perceptions of the benefits of global trade. Many Americans believe that trade with emerging-market economies is the most important reason for US job loss, especially in manufacturing, and is detrimental to American welfare and an important source of wage inequality. Several prominent economists have reinforced these public concerns. In this study, Lawrence Edwards and Robert Z. Lawrence confront these fears through an extensive survey of the empirical literature and in depth analyses of the evidence. Their conclusions contradict several popular theories about the negative impact of US trade with developing countries. They find considerable evidence that while adjusting to foreign economic growth does present America with challenges, growth in emerging-market economies is in America's economic interest. It is hard, of course, for Americans to become used to a world in which the preponderance of economic activity is located in Asia. But one of America's great strengths is its adaptability. And if it does adapt, the American economy can be buoyed by that rising tide.

Businesses: Resilience And Sustainability - Evidence From Emerging Market Developing Economies

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Publisher : World Scientific
ISBN 13 : 9811266549
Total Pages : 271 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Businesses: Resilience And Sustainability - Evidence From Emerging Market Developing Economies by : Reena Marwah

Download or read book Businesses: Resilience And Sustainability - Evidence From Emerging Market Developing Economies written by Reena Marwah and published by World Scientific. This book was released on 2023-03-23 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a world of unprecedented disruption and market turbulence, business transformation revolves around the need to generate new values, unlock new opportunities, drive new growth, and deliver new efficiencies.The world is witnessing volatility in the environment, in technology, in the economy and in society. 'Business as usual' is no longer acceptable, and the pertinent question is how long can humanity continue pursuing consumption and growth predicated on ever-increasing efficiency. The Coronavirus pandemic has amplified concerns about the highly digitized, interconnected, and vulnerable state of the global economy, the relationship with nature, and the prospects for each living being on this planet, including people, to survive and to thrive. To navigate and survive the coming decade of transformative change, every business will need to harness all the ingenuity, creativity and imagination they can muster. Corporate leaders and entrepreneurs will be required to steer their businesses towards a new model of prosperity, based on green and regenerative principles. It is time for leaders in business to overhaul their purpose, plans and strategies for this new context and explore different futures, engage with new partners and create space for experimentation. The only way to prepare for the future is to explore how companies, especially medium and small enterprises as well as women led businesses can transform their future strategies to be more compatible with challenges such as cyber security, human security, ethical principles and financial transparency.This book presents a collection of empirical and original research papers on evolving business strategies within a dynamic global environment to provide valuable insights to scholars, academicians, practitioners, policymakers and students.

Unexpected Outcomes

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Publisher : Brookings Institution Press
ISBN 13 : 0815724772
Total Pages : 258 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Unexpected Outcomes by : Carol Wise

Download or read book Unexpected Outcomes written by Carol Wise and published by Brookings Institution Press. This book was released on 2015-03-10 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume documents and explains the remarkable resilience of emerging market nations in East Asia and Latin America when faced with the global financial crisis in 2008-2009. Their quick bounceback from the crisis marked a radical departure from the past, such as when the 1982 debt shocks produced a decade-long recession in Latin America or when the Asian financial crisis dramatically slowed those economies in the late 1990s. Why? This volume suggests that these countries' resistance to the initial financial contagion is a tribute to financial-sector reforms undertaken over the past two decades. The rebound itself was a trade-led phenomenon, favoring the countries that had gone the farthest with macroeconomic restructuring and trade reform. Old labels used to describe "neoliberal versus developmentalist" strategies do not accurately capture the foundations of this recovery. These authors argue that policy learning and institutional reforms adopted in response to previous crises prompted policymakers to combine state and market approaches in effectively coping with the global financial crisis. The nations studied include Korea, China, India, Mexico, Argentina, and Brazil, accompanied by Latin American and Asian regional analyses that bring other emerging markets such as Chile and Peru into the picture. The substantial differences among the nations make their shared success even more remarkable and worthy of investigation. And although 2012 saw slowed growth in some emerging market nations, the authors argue this selective slowing suggests the need for deeper structural reforms in some countries, China and India in particular.

Growth and Development in Emerging Market Economies

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Author :
Publisher : SAGE Publications Pvt. Limited
ISBN 13 :
Total Pages : 380 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Growth and Development in Emerging Market Economies by : Harinder S Kohli

Download or read book Growth and Development in Emerging Market Economies written by Harinder S Kohli and published by SAGE Publications Pvt. Limited. This book was released on 2008-05-09 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This compilation helps understand the basic forces that are now determining the performance and prospects of emerging market economies (EMEs) around the world. In the past few years, there has been a sharp rise in private capital flows to well performing developing countries, commonly referred to as EMEs. With a drop in net transfers from official sources, the private capital flows in these countries now dwarf official flows. Growth and Development in Emerging Market Economies: International Private Capital Flows, Financial Markets and Globalization encapsulates in one volume the understanding of the inter-related topics of global imbalances, finance, investment, trade, and infrastructure. Such assemblage is difficult to find in the existing literature in this field. Many chapters discuss the situations in Asia and Latin America, drawing parallels and pointing out contrasts. The papers in this collection were discussed at the Emerging Markets Forum meeting held in Jakarta, Indonesia in September 2006. The contributors include highly experienced former policy makers and senior officials of multilateral institutions who have lifelong experience in policy formulation at the highest level. The collection would be of value to policy makers in developing countries, officials of multilateral development institutions and researchers and academicians in the field of EMEs.

Financial Crises in Emerging Markets

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Publisher : Cambridge University Press
ISBN 13 : 9780521800204
Total Pages : 494 pages
Book Rating : 4.8/5 (2 download)

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Book Synopsis Financial Crises in Emerging Markets by : Reuven Glick

Download or read book Financial Crises in Emerging Markets written by Reuven Glick and published by Cambridge University Press. This book was released on 2001-04-23 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume analyze causes of financial crises in emerging markets and different policy responses.

Emerging Markets and the Global Economy

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Publisher : Academic Press
ISBN 13 : 0124115632
Total Pages : 927 pages
Book Rating : 4.1/5 (241 download)

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Book Synopsis Emerging Markets and the Global Economy by : Mohammed El Hedi Arouri

Download or read book Emerging Markets and the Global Economy written by Mohammed El Hedi Arouri and published by Academic Press. This book was released on 2013-12-26 with total page 927 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emerging Markets and the Global Economy investigates analytical techniques suited to emerging market economies, which are typically prone to policy shocks. Despite the large body of emerging market finance literature, their underlying dynamics and interactions with other economies remain challenging and mysterious because standard financial models measure them imprecisely. Describing the linkages between emerging and developed markets, this collection systematically explores several crucial issues in asset valuation and risk management. Contributors present new theoretical constructions and empirical methods for handling cross-country volatility and sudden regime shifts. Usually attractive for investors because of the superior growth they can deliver, emerging markets can have a low correlation with developed markets. This collection advances your knowledge about their inherent characteristics. Foreword by Ali M. Kutan - Concentrates on post-crisis roles of emerging markets in the global economy - Reports on key theoretical and technical developments in emerging financial markets - Forecasts future developments in linkages among developed and emerging economies

Economic and Financial Crises in Emerging Market Economies

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Publisher : University of Chicago Press
ISBN 13 : 0226241106
Total Pages : 541 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis Economic and Financial Crises in Emerging Market Economies by : Martin Feldstein

Download or read book Economic and Financial Crises in Emerging Market Economies written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-11-01 with total page 541 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the late 1990s, economic and financial crises raged through East Asia, devastating economies that had previously been considered among the strongest in the developing world. The crises eventually spread to Russia, Turkey, and Latin America, and impacted the economies of many industrialized nations as well. In today's increasingly interdependent world, finding ways to reduce the risk of future crises—and to improve the management of crises when they occur—has become an international policy challenge of paramount importance. This book rises to that challenge, presenting accessible papers and commentaries on the topic not only from leading academic economists, but also from high-ranking government officials (in both industrial and developing nations), senior policymakers at international institutions, and major financial investors. Six non-technical papers, each written by a specialist in the topic, provide essential economic background, introducing sections on exchange rate regimes, financial policies, industrial country policies, IMF stabilization policies, IMF structural programs, and creditor relations. Next, personal statements from the major players give firsthand accounts of what really went on behind the scenes during the crises, giving us a rare glimpse into how international economic policy decisions are actually made. Finally, wide-ranging discussions and debates sparked by these papers and statements are summarized at the end of each section. The result is an indispensable overview of the key issues at work in these crises, written by the people who move markets and reshape economies, and accessible to not just economists and policymakers, but also to educated general readers. Contributors: Montek S. Ahluwalia, Domingo F. Cavallo, William R. Cline, Andrew Crockett, Michael P. Dooley, Sebastian Edwards, Stanley Fischer, Arminio Fraga, Jeffrey Frankel, Jacob Frenkel, Timothy F. Geithner, Morris Goldstein, Paul Keating, Mervyn King, Anne O. Krueger, Roberto Mendoza, Frederic S. Mishkin, Guillermo Ortiz, Yung Chul Park, Nouriel Roubini, Robert Rubin, Jeffrey Sachs, Ammar Siamwalla, George Soros

Financial Deepening and Post-Crisis Development in Emerging Markets

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Author :
Publisher : Springer
ISBN 13 : 1137522461
Total Pages : 290 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis Financial Deepening and Post-Crisis Development in Emerging Markets by : Aleksandr V. Gevorkyan

Download or read book Financial Deepening and Post-Crisis Development in Emerging Markets written by Aleksandr V. Gevorkyan and published by Springer. This book was released on 2016-06-14 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection empirically and conceptually advances our understanding of the intricacies of emerging markets’ financial and macroeconomic development in the post-2008 crisis context. Covering a vast geography and a broad range of economic viewpoints, this study serves as an informed guide in the unchartered waters of fundamental uncertainty as it has been redefined in the post-crisis period. Contributors to the collection go beyond risks-opportunities analyses, looking deeper into the nuanced interpretations of data and economic categories as interplay of developing world characteristics in the context of redefined fundamental uncertainty. Those concerns relate to the issues of small country finance, the industrialization of the developing world, the role of commodity cycles in the global economy, sovereign debt, speculative financial flows and currency pressures, and connections between financial markets and real markets. Compact and comprehensive, this collection offers unique perspectives into contemporary issues of financial deepening and real macroeconomic development in small developing economies that rarely surface in the larger policy and development debates.

Operating in Emerging Markets

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Author :
Publisher : FT Press
ISBN 13 : 0132983397
Total Pages : 353 pages
Book Rating : 4.1/5 (329 download)

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Book Synopsis Operating in Emerging Markets by : Luciano Ciravegna

Download or read book Operating in Emerging Markets written by Luciano Ciravegna and published by FT Press. This book was released on 2013-08-29 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master a complete roadmap for emerging market business success and profitability! Emerging markets are generating unprecedented opportunities, but they are far more complex and risky than they may seem. Profiting in these markets entails retooling business models, products, and strategies to exploit these differences, instead of falling victim to them. Too many American, European and Japanese companies continue to operate with a “developed world” mentality that seeks to merely adapt existing products and strategies, while underestimating the unique challenges of managing a business in radically different contexts. Operating in Emerging Markets draws from real-life examples and today’s most valuable research to offer a step-by-step blueprint for improving profitability in emerging markets. Pioneering researchers Dr. Luciano Ciravegna and Dr. Robert Fitzgerald walk you through understanding the true risks and challenges; identifying and investing the right resources; developing the right strategies, products, and processes; and learning from both the successes and failures that have come before you. An indispensable resource for all decision-makers in companies that are (or plan to) operating in emerging markets; and for all graduate business students who may do so in the future. "Publications devoted to rapidly transforming economies are on the rise, but the contribution is often marginal. This new book, Operating in Emerging Markets , authored by Luciano Ciravegna, Robert Fitzgerald, and Sumit Kundu, is an exception. It provides valuable insights into what makes these economies grow and prosper. Most importantly, it responds to the need for practical approaches to tapping emerging markets. Thus it should assist current and future managers in navigating these high-potential but high-risk countries." --S. Tamer Cavusgil, Callaway Professorial Chair and Executive Director, CIBER, J. Mack Robinson College of Business. Georgia State University

Global Economic Prospects, June 2021

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464816662
Total Pages : 339 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Economic Prospects, June 2021 by : World Bank

Download or read book Global Economic Prospects, June 2021 written by World Bank and published by World Bank Publications. This book was released on 2021-08-03 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.

Emerging Market Economies

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Author :
Publisher : Routledge
ISBN 13 : 1351775839
Total Pages : 438 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis Emerging Market Economies by : Grzegorz W. Kolodko

Download or read book Emerging Market Economies written by Grzegorz W. Kolodko and published by Routledge. This book was released on 2018-04-27 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2003. Emerging Market Economies: Globalization and Development is the result of a comprehensive international research project co-ordinated within the TIGER (Transformation, Integration and Globalization Economic Research). It deals with economic, social and political implications of globalization for the development of emerging market economies and is authored by a host of international scholars from the USA, Chile, Tanzania, UK/Italy, Hungary, Poland, Romania, China and Japan. Kolodko et al examine the fundamental issues of the influences of globalization on the markets for capital, goods and labour and for the growth and development in emerging markets including post-communist countries. The study includes a number of comprehensive and compatible works which deal especially with the chances for and mechanism of catching-up on these emerging markets.

Financial Globalization and the Emerging Market Economy

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Author :
Publisher : Routledge
ISBN 13 : 1134333161
Total Pages : 374 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis Financial Globalization and the Emerging Market Economy by : Dilip K. Das

Download or read book Financial Globalization and the Emerging Market Economy written by Dilip K. Das and published by Routledge. This book was released on 2004-01-22 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: The whirlwind of financial globalization has descended upon emerging market economies and rapid change has brought both benefits and problems upon a dynamic group of nations.This book examines the impact of ever increasing financial globalization on emerging market economies, both in the former communist countries of Eastern Europe and the developi