Emerging Markets in Transition Growth Prospects and Challenges

After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the crisis....

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Bibliographic Details
Main Author: Cubeddu, Luis
Other Authors: Culiuc, Alexander, Fayad, Ghada, Gao, Yuan
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:Staff Discussion Notes
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Emerging Markets in Transition  |b Growth Prospects and Challenges  |c Luis Cubeddu, Alexander Culiuc, Ghada Fayad, Yuan Gao, Kalpana Kochhar, Annette Kyobe, Ceyda Oner, Roberto Perrelli, Sarah Sanya, Evridiki Tsounta, Zhongxia Zhang 
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651 4 |a China, People's Republic of 
653 |a Cross-Country Output Convergence 
653 |a Financial crises 
653 |a Aggregate Productivity 
653 |a Capital and Total Factor Productivity 
653 |a Cost 
653 |a Industrial productivity 
653 |a Production 
653 |a Global Financial Crisis, 2008-2009 
653 |a Macroeconomics: Production 
653 |a Investments: Commodities 
653 |a Commodities 
653 |a Cycles 
653 |a Global financial crisis of 2008-2009 
653 |a Macroeconomic Analyses of Economic Development 
653 |a Macroeconomics 
653 |a Measurement of Economic Growth 
653 |a Capacity 
653 |a Commercial products 
653 |a Commodity Markets 
653 |a Economic & financial crises & disasters 
653 |a Productivity 
653 |a Total factor productivity 
653 |a Economic Growth of Open Economies 
653 |a Prices 
653 |a Commodity prices 
653 |a Business Fluctuations 
653 |a Investment & securities 
653 |a Production and Operations Management 
653 |a Financial Crises 
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700 1 |a Fayad, Ghada 
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520 |a After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the crisis. This raises the question of whether EMs can bounce back to the growth rates seen in the last decade or whether their prospects are dimmer than thought a few years ago. This SDN we will explore the drivers of the slowdown, how changes in external conditions that supported high growth in EMs will affect them over the medium term, and the policy priorities needed to sustain the growth rates seen in the past decades. In doing so, the paper differentiates EMs along various dimensions (e.g. degree of commodity dependence, trade and financial openness) to highlight the need to tailor policy priorities