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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. mazzucato68_Muhammet Ikbal ArslanAnadolu via Getty Images_worldhealthassembly Muhammet Ikbal Arslan/Anadolu via Getty Images

    The Economics of Health for All

    Mariana Mazzucato explains why pandemic prevention and preparedness must be embedded in economic policymaking.
  2. roach166_Kevin DietschGetty Images)_shipping Kevin Dietsch/Getty Images

    The Dangerous Incoherence of US Trade Policy

    Stephen S. Roach warns that America’s latest tariffs against China raise the risk of a catastrophic superpower conflict.
  3. songwe13_Anna MoneymakerGetty Images_rutobiden Anna Moneymaker/Getty Images

    A New Dawn for US-African Cooperation?

    Vera Songwe identifies three ways that the United States can ultimately help itself by helping the continent.
  4. GettyImages-1166756409

    Raghuram G. Rajan and Rohit Lamba on Indian job creation, industrial policy, democracy, and more

    Raghuram G. Rajan & Rohit Lamba argue that India must place the highest priority on creating and owning intellectual property, advocate an alternative to interventionist industrial policies like subsidies, call for the decentralization of Indian governance at every level, and more.
  5. samadashvili2_ GIORGI ARJEVANIDZEAFP via Getty Images_protest georgia GIORGI ARJEVANIDZE/AFP via Getty Images

    The Global Implications of Georgia’s Political Crisis

    Salome Samadashvili

    Borrowing from the Kremlin’s playbook, Bidzina Ivanishvili, Georgia’s de facto ruler, is seeking to eliminate foreign-funded NGOs, suppress independent media, and eradicate the political opposition. His determination to establish an authoritarian regime reflects his harmony of interests with Russian President Vladimir Putin.

    implores the US and Europe to bolster democracy in the country at a make-or-break moment.
  6. op_whatley11_Chun Shu EyeEm_openbook Chun Shu/EyeEm/Getty Images

    Read More Summer 2024 Reading List

    PS editors share books that have impressed them lately, and say why you should consider adding them to your summer reading list.
  7. berglof38_CHAIDEER MAHYUDDINAFP via Getty Images_mangroves indonesia CHAIDEER MAHYUDDIN/AFP via Getty Images

    Building Resilience in the Developing World

    Erik Berglöf argues for additional financing mechanisms to protect low-income economies against proliferating shocks.
  8. milani5_Fatemeh BahramiAnadolu via Getty Images_iran raisi Fatemeh Bahrami/Anadolu via Getty Images

    Iran’s Succession Crisis Is a Legitimacy Crisis

    Abbas Milani explains why few Iranians within or outside the country truly mourn the death of President Ebrahim Raisi.
  9. rogoff249_Alex WongGetty Images_powellbiden Alex Wong/Getty Images

    Central Banks’ New-Old Inflationary Bias

    Kenneth Rogoff explains why policymakers are more likely to risk higher prices during periods of economic uncertainty.

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