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Curated by Project Syndicate

Emerging Market Meltdown

14 commentaries

Fears over China's economic slowdown, together with a looming increase in US interest rates and growing political instability, have sent investors scurrying out of emerging markets. Is this merely a momentary reversal, or have emerging markets become a bad long-term bet?

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  1. The Great Emerging-Market Bubble
    India flood  house submerged Prabhat Kumar Verma/ZumaPress

    The Great Emerging-Market Bubble

    Aug 17, 2015 Bill Emmott identifies weak political institutions as the main culprit behind economic stagnation.

  2. Oil’s New Normal
    Shale crude oil pipeline Paul Edmondson/ZumaPress

    Oil’s New Normal

    Aug 14, 2015 Mohamed A. El-Erian takes stock of an energy market that must adjust to a new swing producer.

  3. Back to Fundamentals in Emerging Markets
    India children slum school Ritesh Shukla/ZumaPress

    Back to Fundamentals in Emerging Markets

    Aug 13, 2015 Dani Rodrik advises investors to distinguish among economies that, for 15 years, were wrongly lumped together.

  4. The Future for Emerging Markets
    bright future Alex Abian/Flickr

    The Future for Emerging Markets

    Jun 30, 2015 Laura Tyson explains why investors should look past recent poor performance in emerging market economies.

  5. Emerging Markets After the Fed Hikes Rates
    Fed chair Janet Yellen Yin Bogu/ZumaPress

    Emerging Markets After the Fed Hikes Rates

    Jun 29, 2015 Nouriel Roubini believes that most countries are resilient enough to withstand US monetary-policy tightening.

  6. Will Fed Tightening Choke Emerging Markets?
    Dollar currency bundle Xinhua/ZumaPress

    Will Fed Tightening Choke Emerging Markets?

    Mar 23, 2015 Jeffrey Frankel shows which countries are most vulnerable to capital-flow reversal when US interest rates rise.

  1. gros186_Sean GallupGetty Images_euro Sean Gallup/Getty Images

    Europe’s Geoeconomic Competitiveness Challenge

    Daniel Gros highlights the security risks raised by the prolonged decline of the EU’s relative economic power.
  2. op_ang1_retrorocketGetty Images_corruption retrorocket/Getty Images

    How Exceptional Is China’s Crony-Capitalist Boom?

    Yuen Yuen Ang

    While both the American and Chinese Gilded Ages raised material standards of living for hundreds of millions of people, their endemic corruption produced radically unequal and unsustainable growth. Ultimately, both periods offer cautionary tales about unbridled crony capitalism, not models for blind emulation.

    explains how corruption both drove the country's GDP growth and sowed the seeds for its current economic problems.
  3. bp india election Photo by SAJJAD HUSSAIN/AFP via Getty Images

    Will India’s Election Destroy Its Democracy?

    Since taking power in 2014, Prime Minister Narendra Modi and his ruling Bharatiya Janata Party have stoked Hindu nationalism, hollowed out India’s democracy, and overseen an economy that is probably performing far worse than official figures suggest. And yet Modi and the BJP are genuinely popular, making them likely – though not certain – to emerge victorious when the ongoing parliamentary election concludes in June.

  4. benami213_YEHUDA RAIZNERAFP via Getty Images_israelflag Yehuda Raizner/AFP via Getty Images

    The Unbearable Lightness of Anti-Zionism

    Shlomo Ben-Ami warns that demonizing all Israelis will only make peace less likely – though that may be the point.
  5. alfredsdottir1_Getty Images_pay gap Getty Images

    How to Close the Gender Wage Gap

    Lilja Dögg Alfreðsdóttir argues that Iceland’s experience lends further support to Nobel laureate economist Claudia Goldin’s research.
  6. brown107_Jeff J Mitchell - Pool Getty Images_covidvaccine Jeff J. Mitchell/Pool/Getty Images

    Getting the Pandemic Treaty Across the Finish Line

    Gordon Brown hopes negotiations will conclude this month, and pushes back on a last-minute wave of misinformation.
  7. singer231_Michael M. SantiagoGetty Images_college protests Michael M. Santiago/Getty Images

    When Is Criticism of Israel Anti-Semitic?

    Peter Singer rejects comparisons of the recent US campus protests to the actions of Nazi student groups in the 1930s.
  8. Project Syndicate

    Trump’s Plans for the Fed Would Revive 1970s-Style Inflation

    Maurice Obstfeld thinks the presumptive GOP nominee’s policies reflect an outdated understanding of the economy.
  9. adebajo5_Getty Images_southafricaelection Sean Gallup/Getty Images

    Mandela’s Heirs Face Their Biggest Election Test

    Adekeye Adebajo explains why the African National Congress could lose its 30-year monopoly on power.

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