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Curated by Project Syndicate

Submerging Markets?

43 commentaries

Emerging markets, until recently the main engines of world economic growth, are losing momentum – with serious implications for global recovery. How have commodity prices, domestic politics, and advanced-country monetary policy undermined emerging-market growth, and what do recent developments mean for investors, consumers, and policymakers worldwide?

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  1. Containing Competitive Monetary Easing

    Containing Competitive Monetary Easing

    Apr 28, 2014 Raghuram G. Rajan calls for monetary-policy coordination among major central banks.

  2. The Future of Economic Progress

    The Future of Economic Progress

    Apr 15, 2014 Kemal Derviş homes in on the key questions surrounding the nature and measurement of contemporary growth.

  3. The Growing Divide Within Developing Economies

    The Growing Divide Within Developing Economies

    Apr 11, 2014 Dani Rodrik examines why informal and traditional sectors are expanding, rather than shrinking.

  4. Losing Interest

    Losing Interest

    Apr 11, 2014 Barry Eichengreen examines competing explanations for three decades of decline in real interest rates.

  5. Sentiment and Sensibility in Emerging Markets

    Sentiment and Sensibility in Emerging Markets

    Apr 9, 2014 Laura Tyson says that differentiation of country and sector risk will determine future investment flows.

  6. The Two Mexicos
    dr3326c.jpg Dean Rohrer

    The Two Mexicos

    Apr 1, 2014 Jaana Remes & Luis Rubio take issue with flattering headlines heralding a new emerging-market success story.

  1. ortiz6_STEFANI REYNOLDSAFP via Getty Images_austerity imf STEFANI REYNOLDS/AFP via Getty Images

    Ending the Austerity Pandemic

    Isabel Ortiz & Matthew Cummins warn that governments are returning to the same failed belt-tightening policies of the past.
  2. mahbubani28_Kay Nietfeldpicture alliance via Getty Image_jokowidodobideng20 Kay Nietfeld/picture alliance via Getty Images

    The Hard-Won Benefits of Soft Diplomacy

    Kishore Mahbubani praises Indonesia's more consultative and culturally attuned approach to international affairs.
  3. qliu2_Liu RanyangChina News Service via Getty Images_chinacovid Liu Ranyang/China News Service via Getty Images

    China After Zero-COVID

    Qian Liu thinks the protests made it easier for officials to exit a policy that a faltering economy had made untenable.
  4. pei93_Kevin FrayerGetty Images_zero covid protest Kevin FrayerGetty Images

    China’s Zero-COVID Muddle

    Minxin Pei

    Chinese leaders’ refusal to adopt a clear stance on zero-COVID is pure politics: nobody wants to be blamed for whatever surge in infections, hospitalizations, and deaths follows a reopening. But the longer the authorities attempt to avoid responsibility and muddle through, the greater the risk to public health.

    warns that the government’s refusal to devise a comprehensive and systematic exit strategy could create the worst of two worlds.
  5. buruma194_Eric VerhoevenSoccratesGetty Images_world cup Eric Verhoeven/Soccrates/Getty Images

    FIFA’s World Cup Follies

    Ian Buruma dives into the thicket of fatuousness, hypocrisy, and greed that the tournament has become.
  6. libe2_ Chris JacksonGetty Images for Sentebale_lesothoschool Chris Jackson/Getty Images for Sentebale

    The Plight of Public Schools in Africa

    Palesa Libe highlights the toll that the pandemic has taken on lower-income students across the continent.
  7. leautier2_Getty Images Hildegarde_mdb finance Getty Images Hildegarde

    The Scope for More Multilateral Climate Finance

    Frannie Leautier, et al. highlight the crucial role multilateral development banks must play in funding large-scale green projects.
  8. malpass6_SIMON MAINAAFP via Getty Images_mangrove sustain BARBARA DEBOUTAFP via Getty Images

    Eco-Economic Development

    David Malpass sees declining fish stocks as a case study of why nature must be central to countries’ growth models.
  9. hausmann107+John MooreGetty Images_lac immigrants John Moore/Getty Images

    Higher Immigration or Higher Interest Rates for America?

    Ricardo Hausmann & Dany Bahar explain why the persistence of Trump-era xenophobia among US policymakers could lead to economic stagnation.

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