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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. Greene-Ibrahim_She-Writes

    Megan Greene and Hindou Ibrahim

    Oct 3, 2022

    Megan Greene is a senior fellow at the Mossavar-Rahmani Center for Business and Government at Harvard Kennedy School and a member of the Regenerative Crisis Response Committee.

    Hindou Ibrahim is Founder and President of the Association for Indigenous Women and Peoples of Chad and Co-Chair of the International Indigenous Peoples Forum on Climate Change.

  2. roubini167_Michael M. SantiagoGetty Images_stock market falling Michael M. Santiago/Getty Images

    The Stagflationary Debt Crisis Is Here

    Nouriel Roubini

    The Great Moderation has given way to the Great Stagflation, which will be characterized by instability and a confluence of slow-motion negative supply shocks. US and global equities are already back in a bear market, and the scale of the crisis that awaits has not even been fully priced in yet.

    sees the latest market turmoil as a long-anticipated reckoning for bad policies and negative supply shocks.
  3. fischer197_SERGEI SUPINSKYAFP via Getty Images_russiaukrainewar Sergei Supinsky/AFP via Getty Images

    The Cold War Is Back

    Joschka Fischer explains what the new Russian military and nuclear threat means for the European Union.
  4. johnson154_Danish DefenceAnadolu Agency via Getty Images)_nordstreamattack Danish Defence/Anadolu Agency via Getty Images

    Putin Escalates, Europe Hesitates

    Simon Johnson urges European leaders to take three steps to counter Russia's illegal annexation of Ukrainian territory.
  5. Investing-In-Health-For-All_Thumbnail_FinalPlay

    PS Events: Investing in Health for All

    PS editors present the Investing in Health for All event.
  6. sinn106_DANIEL ROLANDPOOLAFP via Getty Images_ecb lagarde DANIEL ROLAND/POOL/AFP via Getty Images

    The ECB Has Been Driving EU Inflation

    Hans-Werner Sinn explains how the European Central Bank has contributed to soaring prices, including for energy.
  7. teixeira1_ LUIS ROBAYOAFP via Getty Images_bolsonaroclimatechange Luis Robayo/AFP via Getty Images

    The Populist Climate Threat

    Izabella Teixeira, et al. warn that right-wing nationalists and other political opportunists could normalize inaction.
  8. rogoff228_Chris J RatcliffeGetty Images_pound low Chris J Ratcliffe/Getty Images

    Britain Is Not an Emerging Market – Yet

    Kenneth Rogoff

    In response to British Prime Minister Liz Truss’s “mini-budget,” financial markets have sent the pound spinning to its lowest level ever, with no bottom in sight. While talk of an outright UK default is overblown, it is not unreasonable to anticipate a painful reckoning just short of that outcome.

    considers the implications of the new government’s poorly received economic-policy package.
  9. delong245_Samuel CorumGetty Image_jeromepowell Samuel Corum/Getty Images

    When the Fed Stops Trying

    J. Bradford DeLong worries that the world's most important central bank is no longer looking for an optimal policy path.

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