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Emerged Markets: The Global Economy's Better Half

Emerged Markets: The Global Economy's Better Half

Hardcover

EconomicsInvesting & Finance

ISBN10: 1032992980
ISBN13: 9781032992983
Publisher: Routledge
Published: Mar 25 2026
Pages: 154
Weight: 0.88
Height: 0.44 Width: 6.00 Depth: 9.00
Language: English

For far too long, emerging markets and developing countries have played a subservient role in the global economy.

This book builds a compelling case that a new settlement is needed, that rebalances power, well beyond existing arrangements such as the G20, and creates a shared vision to build economic growth and prosperity. The alternative is a world which lurches from crisis to conflict, jeopardising peace and prosperity. The very phrase emerging markets connotes that some countries are still developing and cannot compete with mostly Western global economic heavyweights. But the rise of China and India has not been isolated phenomena, with many other emerged countries also becoming confident about their place in the world: these are emerged markets, not the Global South or the Third World. Although these emerged countries now dominate global trade and investment and are the biggest champions of globalisation, their dramatic increase in economic weight has not led to a commensurate increase in clout and influence on the world stage, due to fundamentally unchanged World War II-ra structures and apparatus.

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Shastry, Vasuki

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Economics