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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.

Our Pick

Featured

  1. bp industrial policy Photo by Scott Olson/Getty Images
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    Industrial Policy Is Back

    From semiconductors to electric vehicles, governments are identifying the strategic industries of the future and intervening to support them – abandoning decades of neoliberal orthodoxy in the process. Are industrial policies the key to tackling twenty-first-century economic challenges or a recipe for market distortions and lower efficiency?

  2. fischer208_DrAfter123Getty Images_AIhuman DrAfter123/Getty Images
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    Is AI a Master or Slave?

    Joschka Fischer wonders whether humanity can even hope to maintain control in an era of “mega-crisis.”
  3. haldar25_BettmannGetty Images_friedmanreagan Bettmann/Getty Images
    0

    Laying Chicago Economics to Rest

    Antara Haldar

    From breakthroughs in behavioral economics to mounting evidence in the real world, there is good reason to think that the economic orthodoxy of the past 50 years now has one foot in the grave. The question is whether the mainstream economics profession has gotten the memo.

     looks back on 50 years of neoclassical economic orthodoxy and the damage it has wrought.
  4. delong254_ Samuel CorumGetty Images_january6riot Samuel Corum/Getty Images
    1

    America’s Broken Civic Bargain

    J. Bradford DeLong worries that Republicans have abandoned one of the core principles that sustains a democracy over time.
  5. deshpande1_Frédéric SoltanCorbis via Getty Images_university india Frédéric Soltan/Corbis via Getty Images
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    Affirmative Action Under Siege

    Ashwini Deshpande shows how the supreme courts in India and the US have undermined efforts to address serious discrimination.
  6. dahn1_Mark WilsonGetty Images_USfederalreserve Mark Wilson/Getty Images
    1

    Is the Fed’s Negative Capital a Problem?

    Willem H. Buiter thinks not, but recommends a reform designed to ensure that it does not become one in the future.
  7. patten158_JUSTIN TALLISAFP via Getty Images_brexit Carl Court/Getty Images
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    Internet Scammers and Political Tricksters

    Chris Patten highlights the link between rampant online fraud and the invulnerability of contemporary demagogues.
  8. roach157_CFOTOFuture Publishing via Getty Images_mate60 pro CFOTO/Future Publishing via Getty Images
    3

    American Tactics vs. Chinese Strategy

    Stephen S. Roach

    For decades, US policymakers have preferred piecemeal tactical actions, while the Chinese government has consistently taken a more strategic approach. This mismatch is the reason why Huawei, to the shock of sanctions-focused American officials, was able to make a processor breakthrough in its flagship smartphone.

     warns that short-termism will never be enough to offset the long-term benefits of strategic thinking.
  9. sierakowski101_Beata ZawrzelNurPhoto via Getty Images_pis visa Beata Zawrzel/NurPhoto via Getty Images
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    Will a Visa Scandal Sink Poland’s Populists?

    Sławomir Sierakowski wonders whether the ruling party’s base will hear or care about the most recent example of its hypocrisy.

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