Ascent After Decline: Regrowing Global Economies After the Great Recession

The great recession of 2007-09 has left permanent scars in the world economy, and the global recovery has lost steam. Advanced economies are still struggling with high unemployment and debt, and the remarkable role that emerging markets have played as engines of the recovery is no longer certain. In this new book, co-edited by Otaviano Canuto and Danny M. Leipziger, more than a dozen distinguished contributors scan the economic horizon, spell out the new fiscal reality, and highlight the policy choices on which economic regrowth will depend.

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Foreword – Euromoney Emerging Markets Handbook 2012

Globalisation has created interdependencies between EMEs and advanced economies (AEs) that are here to stay, and will continue to count heavily on the economic outcomes of both groups. Understanding and taking action on those two factors as they develop will be essential for policy makers and investors. Differentiation among EMEs in their potential for continuous growth and stability will depend on those actions.

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Read more about the article The Cost of Financial Reform for Emerging Markets
The Akuapem Rural Bank Ltd., founded in 1980, in the town of Mamfe, Ghana, June 19, 2006. (Photo by Jonathan Ernst)

The Cost of Financial Reform for Emerging Markets

  In the aftermath of the global economic crisis, financial market regulators have proposed a myriad of reforms to better govern the banking sector and to enhance its resilience to…

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