Emerging Markets

Backgrounder

Vietnam's Economic Hiccups

Author: Julie Ginsberg

Vietnam's stock market has plunged and its economic growth has dwindled since 2006, when it was seen as a model for emerging country growth. The country's experience highlights the problems confronting emerging markets in the 2008 financial crisis.

See more in Vietnam; Financial Crises; Emerging Markets

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A Bigger Clubhouse

Author: David Rothkopf

David Rothkopf, a visiting scholar at the Carnegie Endowment for International Peace and author of "Superclass: The Global Power Elite and the World They Are Making," writes that in this time of transformation of the international system, emerging-market powers will define the new "new world order." The need for broad global engagement around not only the financial crisis but many other world challenges will almost certainly lead the Obama administration to more actively engage the BRICs-a term coined in 2001 to refer to the biggest of the emerging powers Brazil, Russia, India and China-and that in order to manage the challenges of the world economy, potential rivals will become vital partners.

See more in Business and Foreign Policy; Emerging Markets

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Newsweek: Cutting Things Down To Size

Author: Mac Margolis

Special Correspondent Mac Margolis examines why, as Brazil becomes Latin America's economic pacesetter, its neighboring countries are viewing it as target No. 1. With a $1.4 trillion economy and a global political agenda, Brazil stands out in a region hobbled by poverty and poor governance. Its industry eclipses that of its neighbors, assuring Brazil a fat regional trade surplus. And as Brazil's fortunes soar, it casts a harsh spotlight on the shortcomings of its neighbors. The result: increased animosity from across its borders.

See more in Brazil; Emerging Markets

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EPW: India and Bretton Woods II

Authors: Aaditya Mattoo and Arvind Subramanian

The G-20 meeting in Washington on November 15 is an opportunity for India to help shape the new global economic architecture in line with its strategic interests. India should propose short-term crisis response actions and suggest a clear medium-term agenda.

See more in Financial Crises; Emerging Markets; India

Transcript

Immunity and Opportunity in Asia: Implications of the Financial Crisis

Speaker: Gerard Lyons

As the financial crisis in the U.S. begins to seep into sectors domestically and ripples overseas to European markets, the reaction and situation in Asia is somewhat curious. Dr. Gerard Lyons, Chief Economist and Group Head of Global Research at Standard Chartered, discusses his view on the global economy from the Asia lens.

See more in Financial Crises; Emerging Markets; Asia and Pacific; International Finance

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FT: A New World for America's Next President

Authors: Robert D. Hormats and Jim O'Neill

Robert Hormats and Jim O'Neil of Goldman Sachs International write that the next president will need a new set of policies to address a changing global economy. They say the United States must "boost its own competitiveness and further open foreign markets for its goods and services." They also call for the creation of a "more representative global economic policy architecture to reflect the ongoing shifts in financial wealth, commodity power and trade flows."

See more in United States; Emerging Markets

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IEA: Energy Efficiency and CO2 Emissions from the Global Cement Industry

Authors: Cecilia Tam, Michael Taylor, and Dolf Gielen

Global cement production grew significantly from 1970 to 2005, with the vast majority of the growth occurring in developing countries. In terms of CO2 emissions, cement production is the most important activity in the non-metallic minerals category. This paper sets out some of the initial data collected for a separate IEA analysis report on the energy demand, CO2 emissions and CO2 emission reduction opportunities in the cement industry.

See more in Economic Development; Emerging Markets; Climate Change