Economics

3GE Collection on Economics: Emerging Economies

3GE Collection on Economics: Emerging Economies

  • ISBN
  • Price
  • Publication Year
  • Publisher
  • Binding
  • Description
  • About the Editor
    • The aim is to provide a developmental roadmap that can be tailored and sequenced to each country's situation and timing.
    • Evaluate capital control and capital account liberalization choices facing policymakers in emerging market economies.
    • This book will be invaluable to academics and students of economics and emerging economies, as well as to business people seeking information on economic development.

In the 21st century, the world economy is characterized by greater complexity, interdependency, velocity, transparency and diffusion of power. Many factors led to the crisis, including poor corporate governance and regulatory oversight. The recent decade has experienced a dramatic transformation of financial markets with far reaching implications on the growth prospects for the global economy. The single most important source of this change has been the rapid advancement in technology. Indeed, the revolutionary process brought about by the advances in technology has created new challenges and opportunities. The recent decade has also witnessed a dramatic change in the form and nature of the globalization process. The initial waves of globalization in the form of trade have been followed by globalization of corporations and in the recent years by globalization of financial flows. While it has been acknowledged that these developments have brought more complex and new risks, their impact is significantly more pronounced and far reaching for emerging economies. These developments have been reinforced by the process of financial deregulation and liberalization. The recent decade has also witnessed a new wave of international crises, although in the more recent episodes, widespread contagion has been contained. Nevertheless, with highly volatile financial flows and heightened uncertainty in the global financial markets, the potential for contagion remains.


Emerging economies have played an increasingly important role on the global arena since the beginning of this century. In particular, their relatively faster development since the eruption of the global financial crisis in 2008 has drawn widespread attention from the world. Meanwhile, different researchers and institutions use varied terms to describe and discuss similar countries or economies. Since what this text discusses is the overall development of those emerging economies.


“Emerging Economies” presents insights into the economic development of emerging economies in the global context, exploring the causal factors, potential and limits of economic policy in, Eurasia, Africa, Asia, Latin America and the Middle East, projecting possible economic developments in the light of growing opportunities. Growing markets, massive potential for local consumer markets and plentiful low-cost labor make emerging economies key players in international trade and business. The text also reviews the slow growth and inclusive developments of the Brazilian economy in the last decade, including the macroeconomic performance pointing export growth as the engine of growth. It evaluates social policies and their relationship with the improvements in the labor market as well as policy reactions to the global crisis that managed to recover consumption but failed to sustain investment and growth. Investment in education and infrastructure are consensual policy advices but there are plenty of disagreements and controversies with regards to industrial policies, financing strategies and the role to be played by the public sector.
This edition addresses on the important characteristics and issues of financial systems in emerging market economies and their differences from those in developed countries.