Emerging Markets


Spence: Emerging Market Investment Boom Ahead

Interviewer: Robert E. Rubin
Interviewee: A. Michael Spence

Economist A. Michael Spence says emerging market growth is going to produce a boom in investment, which in turn may lead to higher interest rates globally, and a tendency to intervene in international capital flows. Spence spoke to Robert Rubin, Former Treasury Secretary and Co-Chairman of the Council on Foreign Relations, at CFR's 2011 Corporate Conference.

See more in Emerging Markets; Global


Don't Give It Currency

Authors: Jagdish N. Bhagwati and Arvind Panagariya
The Times of India

Jagdish N. Bhagwati and Arvind Panagariya argue that it is a mistake for India to join the United States in "China bashing" over the value of the renminbi. With its savings rate high and rising, India too could run into the Chinese "problem" of a current account surplus.

See more in Emerging Markets; International Finance; Trade


America Risks Being Left Behind in Asia

Author: Evan A. Feigenbaum
Financial Times

"As U.S. president Barack Obama makes his way through Asia he will find a dynamic region in ferment," writes Evan Feigenbaum. And, as the region continues to grow, the United States needs to assert itself through trade agreements or risk becoming marginalized in a region that will constitute about half the global economy.

See more in Trade; Business and Foreign Policy; Emerging Markets; Asia and Pacific