Emerging Markets

Other Report

The Paradox of Free Market Democracy: Indonesia and the Problems Facing Neoliberal Reform (A CFR Paper)

Author: Amy L. Chua

This paper situates the recent problems in Indonesia in a more general framework that is called the paradox of free-market democracy. The basic thesis advanced is as follows. In Indonesia, as in many developing countries, class and ethnicity overlap in a distinctive and potentially explosive way: namely, in the form of a starkly economically dominant ethnic minority--here, the Sino-Indonesians.

See more in Emerging Markets; Indonesia

Other Report

Korea's Comeback: The Thirst for Funds Drives (A CFR Paper)

Author: Hilton Root

Six years ago, Korea was in trouble. Its banking system, inadequately supervised,collapsed. Industry,lac king financial discipline,expanded unproductively with its "too big to fail" private firms crowding out smaller rivals. Labor market rigidity weakened the competitive position of Korean industry. The financial crisis that resulted gave rise to hopes that significant reform would address all three dimensions of Korea's vulnerability.

See more in Emerging Markets; North Korea; Financial Crises


South Korea, Poland, and Turkey: Three Emerging Market Success Stories Look to Sustain Their Growth

Speaker: Steven Cook
Speaker: Marcus Noland
Speaker: Mitchell Orenstein
Presider: Gideon Rose

Emerging economies have boomed over the past decade, but many have recently seen their currencies come under pressure. With a potential currency crisis looming, CFR's Steven A. Cook, Marcus Noland of the Petersen Institute for International Economics, and Mitchell Orenstein of Northeastern University take an in-depth look at three emerging market success stories in a conversation with Foreign Affairs editor Gideon Rose.

See more in South Korea; Turkey; Emerging Markets


Challenges and Opportunities in Africa: A Conversation with Nicky Oppenheimer

Speaker: Nicky Oppenheimer
Presider: Teresa Clarke

Join Nicky Oppenheimer as he discusses some of the lessons and opportunities for Africa that have arisen from the global economic crisis, including how business contributes to sustainable development, the importance of international trade and flows of real investment in building diversified and sustainable economies, and the importance of effective African participation in international and multilateral institutions.

See more in Economic Development; Emerging Markets; Africa (sub-Saharan)

Must Read

Foreign Policy: The Dark Side of China's Rise

China’s economic boom has dazzled investors and captivated the world. But beyond the new high-rises and churning factories lie rampant corruption, vast waste, and an elite with little interest in making things better. Forget political reform. China’s future will be decay, not democracy.

See more in China; Emerging Markets