How Emerging Markets Need to Structure Economic Reforms

Much of the unbridled enthusiasm around emerging-markets countries has dissipated in recent years. Economic growth rates have fallen by nearly half from their pre-2008 highs. Although emerging-markets equities outperformed those in developed markets by 293 percent from 1999 to 2009, they have signif...

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Bibliographic Details
Published inInstitutional Investor
Main Author Shah, Aniket
Format Trade Publication Article
LanguageEnglish
Published New York Euromoney Institutional Investor PLC 01.12.2013
Subjects
Central banks
Commodities
Consumption
Economic growth
Economic reform
Emerging markets
Exports
Financial services
Foreign investment
GDP
Gross Domestic Product
Interest rates
International trade
Investment policy
Liberalization
Productivity
Regulation of financial institutions
Volatility
United States > US
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Summary:Much of the unbridled enthusiasm around emerging-markets countries has dissipated in recent years. Economic growth rates have fallen by nearly half from their pre-2008 highs. Although emerging-markets equities outperformed those in developed markets by 293 percent from 1999 to 2009, they have significantly underperformed -- by 36 percent -- since 2010. The volatility in key debt markets this summer, prompted by the hint that the U.S. Federal Reserve Board would taper its bond purchases, has caused additional concern about the sustainability of these markets and economies. The significant slowdown in growth is cause enough to push forward much needed reforms. But what are they? To answer that question, we need first to examine factors in emerging-market growth.
ISSN:0020-3580