Brookings: Topics - Emerging Markets

Foreign Policy

Mon, 23 Nov 2009 16:23:32 GMT

The U.S. and the international community face great challenges in the 21st century—globalization offers more freedom and prosperity, but also new threats to our security. The Foreign Policy Studies scholars and research help policymakers and the public address these crucial issues.

The Global Economic Agenda: Issues Paper for the Washington Roundtable

Sat, 31 Oct 2009 00:00:00 GMT

Following a September 18 roundtable focused on the global economic agenda for the fall of 2009, Domenico Lombardi reflects on discussions at this forum, which served to enhance engagement and exchanges between experts from the U.S. and other G-20 countries on the critical issues to be addressed at these highlevel international gatherings.

Washington Roundtable on the Global Economic Agenda

Fri, 18 Sep 2009 08:30:00 GMT

Event Information:

September 18, 2009, 8:30 AM to 5:45 PM

On September 18, Brookings—jointly with the Asian Development Bank Institute and the Inter-American Development Bank—co-hosted a roundtable focusing on the global economic agenda for the fall of 2009. The roundtable served as a forum to enhance engagement and exchanges between experts from the U.S. and other G-20 countries on the critical issues to be addressed at these highlevel international gatherings.

Monetary Policy and Financial Stability: An Address by José de Gregorio

Thu, 17 Sep 2009 14:00:00 GMT

Event Information:

September 17, 2009, 2:00 PM to 3:30 PM

On September 17, the Brookings Institution will host Dr. José de Gregorio, governor of the Central Bank of Chile. Governor de Gregorio will outline his views on how best to structure monetary policy and regulatory frameworks in emerging markets to promote macroeconomic and financial stability.

G-20 Summit: Recovering from the Crisis

Thu, 17 Sep 2009 00:00:00 GMT

On September 24, President Obama will chair his first G-20 Summit in Pittsburgh. With the world economy improving, leaders will now focus their attention on economic recovery and restoring financial stability. Experts from Brookings Global Economy and Development program analyze top issues to be addressed at the summit and provide recommendations on how to effectively overcome global economic and governance challenges to ensure recovery now and to prevent future crises.

Monetary Policy Challenges for Emerging Market Economies

Wed, 19 Aug 2009 00:00:00 GMT

The debate between theorists and practitioners on monetary policy challenges for emerging market economies continues. This paper by Brookings expert Eswar Prasad, Gill Hammond, and Ravi Kanbur addresses the dialogue between academics and policymakers on this issue and sets an agenda for further research.

Financial Markets and Emerging Economies - The Decoupling Debate Is Back!

Tue, 16 Jun 2009 00:00:00 GMT

As the global financial crisis persists, some believe that emerging markets have become less reliant on advanced economies. Eswar Prasad and M. Ayhan Kose examine certain aspects of the decoupling hypothesis to see what they indicate for the future of the global economy.

Will the Singh Government Transform India Into a Modern Economy?

Tue, 26 May 2009 00:00:00 GMT

As Manmohan Singh begins his second term as India's Prime Minister, many challenges lay ahead. Arvind Panagariya recommends that to push vital economic reforms ahead, Mr. Singh's government must focus on both the business and rural sectors.

Tracking the Global Financial Crisis: An Analysis of the IMF's World Economic Outlook

Tue, 26 May 2009 00:00:00 GMT

The IMF's flagship publication, the World Economic Outlook (WEO), marks the most extensive effort to measure the health of the global economy since the outbreak of the financial crisis. Analyzing the WEO's projections, the Wolfensohn Center's Laurence Chandy, Geoffrey Gertz and Johannes Linn examine the countries and regions hit worst by the downturn and assess the lasting impact on the global economy.

IMF Bonds: Details and Implications

Mon, 04 May 2009 00:00:00 GMT

The IMF is considering issuing bonds as a way to increase the amount of money it has available to lend to countries struggling in the wake of the financial crisis. In a new article, Eswar Prasad discusses the bond proposal, including the potential structure and impacts on the demand for U.S. treasuries.

India Must Lead the G-20 Agenda

Thu, 02 Apr 2009 00:00:00 GMT

The reordering of the global economic power structure has created a leadership void among emerging markets. Eswar Prasad believes India is in an ideal position to lead the emerging markets and urges them to step up.

The G-20 Stimulus Split: A False Debate

Wed, 01 Apr 2009 00:00:00 GMT

Much has been made of a G-20 split on stimulus plans but is the debate warranted? In a new op-ed, Colin Bradford argues that Europe’s automatic stabilizers should count and what matters most is the total amount of global economic response, particularly for citizens suffering from the crisis.

The London G-20 Summit: Addressing the Global Financial Crisis

Wed, 01 Apr 2009 12:43:39 GMT

On April 2, leaders of the world’s 20 largest economies will begin talks in London to focus on solutions for the global financial crisis. Johannes Linn previews the meeting and says there a number of actions they must agree on to help mitigate the economic crisis.

The Obama Administration and the Americas : Agenda for Change

Wed, 01 Apr 2009 00:00:00 GMT

The Obama administration inherits a daunting set of domestic and international policy challenges. The Obama Administration and the Americas, however, argues that the new administration should focus early and strategically on Latin America.

Kemal Derviş Named Vice President and Director of Global Economy and Development at Brookings

Mon, 30 Mar 2009 12:36:10 GMT

Kemal Derviş, until recently the administrator of the United Nations Development Program, joined the Brookings Institution on March 30, 2009 as vice president and director of the Global Economy and Development program, Brookings President Strobe Talbott announced.

The G-20 London Summit 2009

Thu, 26 Mar 2009 00:00:00 GMT

Leaders of the Group of 20 (G-20) countries met in London on April 2 for their second summit on the global financial crisis. In a new set of articles, Brookings experts addressed the critical issues for policy-makers and offered guidelines for more effective global coordination.

The G-20 Summit and the Financial Crisis’ Impact on Latin America

Thu, 26 Mar 2009 12:39:12 GMT

As the global economic crisis continues, Mauricio Cárdenas says emerging economies in Latin America and elsewhere are hit especially hard. He says G-20 members must urge the multilateral banks to continue lending to the region and adds that without such assistance the crisis will only worsen.

Economic Revival Requires a Broad Spread of Demand

Sun, 22 Mar 2009 00:00:00 GMT

Will the global economy again be able to deliver the results we came to expect? Kemal Dervis states recommends four key action areas in order for a relatively quick economic recovery to occur.

The Limits to Fiscal Stimulus in Latin America and the Caribbean

Fri, 20 Mar 2009 00:00:00 GMT

Despite calls for all countries to pursue stimulus efforts, not all countries are capable of enacting fiscal stimulus plans to foster economic growth during the global financial crisis. Mauricio Cárdenas and Julia Guerreiro discuss the current status of Latin American countries and consider the magnitude of fiscal stimulus efforts already underway.

The Developing Countries and the G-20

Fri, 20 Mar 2009 00:00:00 GMT

Although few developing countries have systemic importance in terms of aggregate world demand, they need supportive global policy action for systemic economic reasons. Kemal Derviş recommends that they should request IMF reforms, greater fiscal support, and more humanitarian development assistance at the G-20 London Summit.

Buy American?: Global Considerations for the Proposed Stimulus Plan Clause

Tue, 03 Feb 2009 00:00:00 GMT

The final version of the fiscal stimulus plan weakened the "Buy American" provision requiring the use of only U.S. iron and steel in construction work funded by the bill. Nevertheless, business groups continue to criticize the provision. In a new Q&A, Eswar Prasad discusses global concerns.

Putin's Third Way

Tue, 06 Jan 2009 00:00:00 GMT

With the rise in oil prices and a conservative fiscal policy, Russia turned from a debtor nation into an economic powerhouse. Putin’s strategy created a compromise between the excesses of the free market and the inefficiencies of a command economy. Yet there remain deep cracks in the foundation of the post-Soviet structure. In a recent article in The National Interest, Clifford Gaddy and Barry Ickes discuss whether or not his Putinomics can survive the financial crisis.

Financial Globalization and Productivity Growth

Mon, 05 Jan 2009 00:00:00 GMT

There is a vast empirical literature analyzing the impact of financial openness on economic growth but far less attention has been paid to its effects on productivity growth. This is surprising given the strong evidence that productivity growth is the main driver of long-term economic growth. In this new commentary, Brookings fellow Eswar Prasad, along with M. Ayhan Kose and Marco E. Terrones, argues that financial openness in fact has a positive impact on productivity growth, although the effects are subtle.

Why Are Saving Rates of Urban Households in China Rising?

Tue, 30 Dec 2008 00:00:00 GMT

In China, the household savings rate rose by 7 percent from 1995 to 2005, reflecting savings of about one quarter of disposable income. Why are Chinese households saving so much across all demographic groups? In a new paper, Eswar Prasad and Marcos Chamon analyze the savings patterns of households in China and discuss the economic drivers.

The G-20 Summit: The Medium was the Message

Mon, 17 Nov 2008 00:00:00 GMT

Despite having seats at the G-20 summit table, emerging market countries are only beginning to work within the broader system, argues Lex Rieffel in a new commentary post-summit, and big tasks lie ahead for the global financial system and the future of the G8/G-20.

Getting the IMF's Groove Back

Thu, 30 Oct 2008 00:00:00 GMT

During this time of global financial crisis, Eswar Prasad argues that it is time for the IMF to enhance its relevancy through radical change and proposes two new ideas on how to fix the Fund.

Latin America: Coming of Age

Mon, 27 Oct 2008 00:00:00 GMT

Apart from the new pressures of the global financial crisis, the countries of Latin America are enjoying a period of economic growth, prosperity, and stable democracies. Yet these countries are also experiencing a great demographic change that will place more demand on their economies and governments. Leonardo Martinez-Diaz explains what these trends will mean for the region.

The G-20 Summit: Could the Financial Crisis Push Global Governance Reform?

Fri, 24 Oct 2008 00:00:00 GMT

President Bush recently announced that he has invited the G-20, or the heads of state from the top 20 industrialized and developing economies, to join an economic summit in Washington on November 15. According to Johannes Linn and Colin Bradford, inviting the full G-20 to discuss the current global financial crisis represents a critical step in reforming financial and economic stability, relations and institutions.

Eswar Prasad, Expert on Emerging Economies and Globalization, Joins Brookings

Tue, 21 Oct 2008 14:08:24 GMT

Eswar Prasad, an expert on financial globalization and emerging markets, with a specific focus on China and India, has joined the Brookings Institution as a senior fellow, Strobe Talbott announced today.

Top 10 Global Economic Challenges Facing America's 44th President

Fri, 10 Oct 2008 00:00:00 GMT

As President-Elect Obama prepares to lead the United States, what are the top global economic challenges facing the new president and his advisors and how should the new administration address them? A new report by Brookings global economic and development experts ranks the top 10 issues and details specific ideas for how to tackle the toughest challenges.

On the Politics of Financial Meltdowns

Wed, 08 Oct 2008 00:00:00 GMT

Recent economic events in the United States have proven that the financial crisis is a political phenomenon. Raj Desai draws five lessons the US can learn from the political economy of recent financial crises in emerging markets.

Development Doesn't Require Big Government

Fri, 03 Oct 2008 00:00:00 GMT

Reflecting on the current financial crisis, William Easterly discusses how sustainable development does not require the sole action of governments, but also individual entrepreneurs and innovators.

Lessons from Another Crisis: Why Providing Debt Relief for Households is Not a Good Idea

Tue, 30 Sep 2008 00:00:00 GMT

As the financial crisis has widened, some analysts have asked the U.S. government to consider debt relief for American families who are struggling with mortgages they can no longer afford. Mauricio Cardenas explains how a previous crisis in Colombia offers lessons for the U.S. and argues that U.S. government debt relief is a bad idea.

Don't Reject the U.S.-India Nuclear Deal

Wed, 24 Sep 2008 00:00:00 GMT

As the U.S.-India civil nuclear agreement goes to Congress for approval, Philip Gordon notes the considerable advantages and limited downsides the pact will hold for both countries. He argues that rejection of the deal would only serve to isolate the United States by denying firms the opportunity to participate in partnerships with an emerging strategic partner.

The Financial Crisis and Emerging Markets

Wed, 24 Sep 2008 00:00:00 GMT

As the U.S. financial crisis continues to unfold, what is the likely impact on emerging markets, such as China, India and Brazil? Eswar Prasad and M. Ayhan Kose release new research examining economic decoupling between industrial and emerging markets and discuss the likely effects of the crisis.

The IMF and the World Bank: It's Time to Separate the Conjoined Twins

Mon, 22 Sep 2008 00:00:00 GMT

Sixty years following the creation of the IMF and the World Bank, the nature of global financial, emerging markets and poverty aid has changed dramatically. Lex Rieffel argues that if the institutions were to be created today they would be structured differently and located outside of Washington. His case and recommendations for reform are contained in a new working paper.

Can Latin American Economies Deflect the Financial Crisis?

Mon, 22 Sep 2008 00:00:00 GMT

The U.S. financial crisis has profound implications for emerging markets given the integrated and global nature of today’s economy. Mauricio Cardenas, director of Brookings’s Latin America Initiative, examines the likely impact on Latin American economies and discusses how they might deflect some of the aftershocks from the U.S. economic crisis.

Russia's Stock Market Fall: It's All About Oil

Tue, 16 Sep 2008 00:00:00 GMT

Cliff Gaddy explores the widely held idea that Russia's recent invasion of Georgia was a primary cause for the Russian stock market to plummet. Instead, Gaddy believes the global decline in oil prices—now nearly 30% off highs in July—is a more likely reason.

A Blueprint for Reforming India’s Financial System

Fri, 12 Sep 2008 14:00:00 GMT

Event Information:

September 12, 2008, 2:00 PM to 3:30 PM

Recognizing that reforms to the domestic financial system will be crucial to maintain the country’s high growth trajectory, India’s government set up a committee to lay out a blueprint for the next generation of financial sector reforms. The day this committee’s report was presented to the Indian prime minister, Brookings hosted a discussion of the report and debate its implications.

How Not To Punish Moscow

Sat, 23 Aug 2008 00:00:00 GMT

Cliff Gaddy discusses the politics of managing the situation between Russia and Georgia, advising that using economics as a tool poses risks on a global scale.

War in Georgia—End of an Era, Beginning a New Cold War?

Tue, 12 Aug 2008 00:00:00 GMT

With violence erupting between Georgia and Russia, Johannes Linn analyzes the serious dilemmas confronting both countries and their citizens as well as the consequences for the global community. Linn examines the reemergence of a cold-war mentality, calls for a swift halt of Russia’s military actions and provides recommendations for the world’s response to the conflict.

Looking for Fallout from the U.S.-India Nuclear Deal

Fri, 01 Aug 2008 00:00:00 GMT

Stephen Cohen and Dhruva Jaishankar assess possible implications of the U.S.-India nuclear deal on the broader U.S.-India relationship. They argue that while the agreement is unlikely to trigger a breakdown in the global nuclear order, several issues need to be examined.

Perspectives on the Global Economic Landscape

Tue, 22 Jul 2008 10:30:00 GMT

Event Information:

July 22, 2008, 10:30 AM to 12:00 PM

On July 22, Global Economy and Development at Brookings hosted John Lipsky, first deputy managing director of the International Monetary Fund, for a conversation on the evolving global economic landscape.

Progress in Emerging Markets is Being Put at Risk

Fri, 18 Jul 2008 00:00:00 GMT

While still struggling to understand how to regulate sophisticated financial systems, the world has had more success with managing less sophisticated ones, yielding impressive achievements in emerging market financial systems. Brookings Scholar Erik Berglöf and University of Chicago, Graduate School of Business professor Raghuram Rajan recommend the correct response in emerging markets to the global crisis should be to accelerate reforms that strengthen the financial and regulatory infrastructure.

Late to the Party: When Will the G8 Bring in the Heavy Hitters?

Mon, 07 Jul 2008 00:00:00 GMT

Held July 7-9 in Hokkaido, Japan, the G8 Summit has traditonally included only the most powerful heads of government. Colin Bradford argues that, in order to address global challenges, this outdated system should expand to include leaders from major emerging market economies.

U.S. Relations with China

Fri, 27 Jun 2008 11:33:19 GMT

The rise of China has created a number of geopolitical and diplomatic challenges. CSIS senior advisor Michael Green tells Martha Raddatz of ABC News that it's likely that our next president will work diligently to maintain good relations with China.

Asian Regionalism, Strategic Evolution, and U.S. Policy in Asia

Wed, 11 Jun 2008 00:00:00 GMT

Since the Asian financial crisis began in 1997, momentum toward regionalism in East Asia has increased and the process has become more Asia-centric. In this CNAPS Visiting Fellow Working Paper, Liu Fu-Kuo traces the development of the new East Asian regionalism, with a special look at the consequences of excluding Taiwan from multilateral institutions.

South Korea's Trade Protests: Lessons for President Lee and Korea's Role in the Global Economy

Tue, 03 Jun 2008 00:00:00 GMT

South Korea's president, Lee Myung-bak, and his cabinet face a political crisis in the wake of large-scale protests that were started by fears of a potential agreement to reopen the South Korean market to American beef. Leonardo Martinez-Diaz examines the situation and the conflicting views of Korea's place in a changing world economy that have led to political turmoil for the new government.

The Post-American World: A Discussion with Fareed Zakaria

Thu, 15 May 2008 16:00:00 GMT

Event Information:

May 15, 2008, 4:00 PM to 5:00 PM

Brookings President Strobe Talbott, author of The Great Experiment, and CUSE Director Daniel Benjamin joined journalist Fareed Zakaria for a conversation about his new book, The Post-American World. This far-reaching discussion reviewed the choices the United States will face as world political and economic power shifts to emerging global powerhouses, such as China and India.

Technology, Public Policy, and the Emergence of Brazilian Multinationals

Wed, 14 May 2008 00:00:00 GMT

In this paper, Edmund Amann examines the role of technology, innovation, and public policy in the development of some of Brazil’s largest and most internationalized firms.

Brookings Trade Forum 2007 : Foreign Direct Investment

Thu, 01 May 2008 00:00:00 GMT

This tenth issue of the Brookings Trade Forum examines a variety of dimensions of FDI.

Business Champions for Early Child Development

Tue, 22 Apr 2008 17:30:00 GMT

Event Information:

April 22, 2008, 5:30 PM to
April 23, 2008, 3:00 PM to

On April 23, 2008, the Wolfensohn Center for Development, in cooperation with the Committee for Economic Development, held an International Early Child Development Conference in The Hague, The Netherlands. The conference focused on raising awareness of early child development in emerging markets and developing countries and fostering support from the European business community.

Malaysian Elections: Rejection of the Usual Politics

Mon, 10 Mar 2008 00:00:00 GMT

Fifty years of political domination by Malaysia’s National Front coalition eroded in the recent Malaysian elections as voters helped the opposition gain more seats in parliament. While Malaysia’s Prime Minister Abdullah Ahmad Badawi remains in power, the elections mark a new day for the country, which is America’s 10th largest trading partner. Wing Thye Woo examines the election in depth and recommends a reform agenda for Malaysia.

Putin’s Plan: The Future of "Russia Inc."

Fri, 29 Feb 2008 00:00:00 GMT

Dmitri Medvedev—Vladimir Putin’s hand-picked successor—won Russia's recent presidential election. Clifford Gaddy, senior fellow and a Russia expert at Brookings, examines the future for Russia by analyzing “Putin’s Plan” for continuity of policy and what it means for international and domestic relations, and the economy.

Do Politically Connected Firms Undermine Their Own Competitiveness?

Thu, 31 Jan 2008 00:00:00 GMT

In a new Global working paper, Raj Desai and co-author Anders Olofsgård examines cronyism, specifically focusing on the competitiveness of politically favored firms, and finding that influential firms do innovate and invest less.

Should Sovereign Wealth Funds Be Regulated?

Thu, 06 Dec 2007 12:00:00 GMT

Event Information:

December 06, 2007, 12:00 PM to 12:00

Brookings recently hosted leading economists for a discussion on the breadth and depth of sovereign wealth funds and potential regulation.

China and Northeast Asia: Views from the Region

Thu, 29 Nov 2007 12:00:00 GMT

Event Information:

November 29, 2007, 12:00 PM to 2:00 PM

In late November of 2007, scholars and students of Northeast Asia gathered at Tsinghua University for a seminar sponsored by the Brookings-Tsinghua Center and the Center for Northeast Asian Policy Studies. CNAPS Visiting Fellow alumni from China, Hong Kong, Japan, Russia, South Korea and Taiwan presented their views on China’s relations with the region and regional perceptions of China at this public event.

A Dialogue: Engaging the Latin American World

Tue, 27 Nov 2007 00:00:00 GMT

In October and November of 2007, Brookings Scholars Michael O'Hanlon, Diana Negroponte and Leonardo Martinez-Diaz had an e-mail exchange with prominent Latin American scholars with a variety of perspectives to discuss the issues facing Latin America.

Breaking More Naan with Delhi

Thu, 01 Nov 2007 00:00:00 GMT

Bruce Riedel and Karl Inderfurth discuss the aspects of India's "emerging markets" in the global economy and the India-U.S. relationship.

Cross Currents: Regionalism and Nationalism in Northeast Asia

Wed, 31 Oct 2007 15:00:00 GMT

Event Information:

October 31, 2007, 3:00 PM to 05:00 PM

The key economies of Asia are growing increasingly interdependent with each other and with the United States, and the movement toward regionalism is gaining momentum. Nationalism flourishes in spite of – and sometimes because of – interdependence. In this public seminar hosted by Stanford University’s Shorenstein Asia-Pacific Research Center (APARC) and CNAPS, leading experts discussed the regionalism and nationalism prevalent throughout Northeast Asia.

Integrating Central Asia into the World Economy: Perspectives from the Region and from the U.S.

Mon, 22 Oct 2007 14:00:00 GMT

Event Information:

October 22, 2007, 2:00 PM to 05:30 PM

The Carnegie Endowment for International Peace and the Wolfensohn Center for Development at the Brookings Institution, in partnership with the Asian Development Bank and the Central Asia Regional Economic Cooperation Program (CAREC) held an international conference on "Integrating Central Asia into the World Economy: The Role of Energy and Transport Infrastructure."

Issues in the U.S.-Russia Economic Relationship

Wed, 17 Oct 2007 00:00:00 GMT

In this congressional testimony, Cliff Gaddy examined what is at stake in the U.S.-Russian economic relationship—specifically the business climate in Russia—arguing that "the truly important part of the Russian economy that matters for the outside world, including the United States, is oil and gas."

India Policy Forum 2006-07 : Volume 3

Mon, 01 Oct 2007 12:00:00 GMT

India Policy Forum is an annual publication with the objective of presenting high-quality empirical research on the major economic policy issues that confront contemporary India.

India: No Longer a Large, Exotic Basket Case

Wed, 15 Aug 2007 00:00:00 GMT

Opinion by Stephen P. Cohen, Financial Times (8/15/07)

Inflation First, Appreciation Second: China’s Practical Choice

Mon, 30 Jul 2007 00:00:00 GMT

In response to China’s growing global current account surplus, Chinese policymakers should focus first on raising the inflation rate and then allow for currency appreciation, argues Xiao Geng.

Is There a 'Correct' Exchange Rate?

Wed, 20 Jun 2007 00:00:00 GMT

Geng Xiao cautions against viewing China’s exchange rate as the primary cause of its trade imbalance, and argues that finding a “correct” nominal exchange rate is in theory and in practice a very difficult task.

The Currency Exchange Rate Issue Should not Divert Attention

Thu, 07 Jun 2007 00:00:00 GMT

In a two part article Xiao Geng says the US must look beyond the politics of the Chinese currency debate and to the spirit of the Marshall Plan in order to improve market access for American imports.

How Fast Should the RMB Appreciate?

Wed, 23 May 2007 00:00:00 GMT

Geng Xiao argues that the best way to determine how fast the Renminbi should appreciate is not by listening to politicians in Beijing and Washington, but rather to look at the speed of growth in Chinese productivity.

U.S.: A Losing Superpower?

Sat, 28 Apr 2007 00:00:00 GMT

Opinion by Leonardo Martinez-Diaz The Press-Enterprise (04/28/07)

How Effective are Existing Programs in Helping Workers Impacted by International Trade?

Mon, 26 Mar 2007 00:00:00 GMT

Testimony by Lael Brainard before the Committee on Education and Labor (3/26/07)

Constructing a Successful China Strategy: Promote Balance and Democratic Ideals in Asia

Wed, 28 Feb 2007 00:00:00 GMT

The next President will need to consolidate our strengthened partnerships with Japan, India and Australia and pay renewed attention to critical alliances that have entered a period of drift -- particularly the US-ROK alliance.

Banking Sector Opening: Policy Questions And Lessons For Developing Countries

Thu, 15 Feb 2007 00:00:00 GMT

After decades of zealously protecting their banking markets, in the 1990s many developing and transition economies began to scale down or eliminate barriers to foreign direct investment (FDI) in the banking sector. Today, policymakers in a second wave of countries are in the early stages of opening their banking sectors or are under considerable political pressure to do so.

The Russian Economy in the Year 2006

Mon, 01 Jan 2007 00:00:00 GMT

Clifford Gaddy article from Post-Soviet Affairs number 1, 2007

How Cronyism Harms the Investment Climate

Mon, 01 Jan 2007 00:00:00 GMT

Cronyism undermines markets in several ways. It increases the costs of doing business for firms excluded from inner, "favored" circles. It encourages firms to spend more on cultivating political ties and less on innovation. It allows regulators and policymakers to benefit privately from relationships with certain firms. Reducing the inequality in influence between the most-powerful and least-powerful firms—the "influence gap"—can limit the harmful effects of cronyism. This can be done through support for greater public accountability, anti-monopoly enforcement, and more inclusive consultation mechanisms.

As Russia Looks East: Can It Manage Resources, Space and People?

Mon, 01 Jan 2007 00:00:00 GMT

Clifford Gaddy article from Gaiko Forum, January 2007

The Logic of Authoritarian Bargains: A Test of a Structural Model

Mon, 01 Jan 2007 00:00:00 GMT

Dictatorships do not survive by repression alone. Rather, dictatorial rule is often explained as an "authoritarian bargain" by which citizens relinquish political rights for economic security. The applicability of the authoritarian bargain to decision-making in non-democratic states, however, has not been thoroughly examined.

Capital Account Liberalization: Theory, Evidence, and Speculation

Wed, 01 Nov 2006 00:00:00 GMT

Writings on the macroeconomic impact of capital account liberalization find few, if any, robust effects of liberalization on real variables. In contrast to the prevailing wisdom, I argue that the textbook theory of liberalization holds up quite well to a critical reading of this literature.

Leading in a Global Environment

Tue, 24 Oct 2006 00:00:00 GMT

Presentation by Lael Brainard (11/2006)

State versus Market: Forever a Struggle?

Mon, 23 Oct 2006 00:00:00 GMT

Opinion by Johannes Linn (10/23/2006)

Brookings Foreign Policy Studies Energy Security Series: The Russian Federation

Sun, 01 Oct 2006 00:00:00 GMT

Energy is at the heart of Russia's remarkable change of fortune over the past decade. This dramatic turnaround is directly related to Russia's status as the world's largest producer of oil and natural gas—the country has benefited tremendously from soaring prices on the world market. The authors of this monograph analyze the implications of Russia's position and policies for the global energy security environment.

Siberians Struggling in Post-Soviet Era

Thu, 28 Sep 2006 00:00:00 GMT

An interview by Clifford Gaddy on NPR (9/28/2006)

Key Economic and Social Challenges for Latin America: Perspectives from Recent Studies

Tue, 01 Aug 2006 00:00:00 GMT

David de Ferranti paper

The Irrelevant G8 Summit in St. Petersburg

Tue, 25 Jul 2006 00:00:00 GMT

The Irrelevant G8 Summit in St. Petersburg

Sources of Growth in the Indian Economy

Sat, 15 Jul 2006 00:00:00 GMT

Source of Growth in the Indian Economy

Economic Growth in Thailand: The Macroeconomic Context

Thu, 15 Jun 2006 00:00:00 GMT

Paper by Barry P. Bosworth (6/15/06)

The India Policy Forum 2005-06 : Volume 2

Mon, 01 May 2006 00:00:00 GMT

Economics, Global#Global poverty and development economics#Other

Debt Relief

Sat, 01 Apr 2006 00:00:00 GMT

Paper by Peter Blair Henry (04/2006)

The Structural Nature of Internal and External Imbalances in China

Thu, 29 Dec 2005 00:00:00 GMT

A paper by Wing Thye Woo

The India Policy Forum 2004 : Volume 1

Sat, 01 Jan 2005 00:00:00 GMT

The India Policy Forum (IPF) is a new annual publication dedicated to research on the contemporary Indian economy. This inaugural issue contains highlights from a conference held in New Delhi in March 2004.

The Normal, the Fat-Tailed, and the Contagious: Modeling Changes in Emerging Market Bond Spreads

Sun, 01 Jun 2003 00:00:00 GMT

Working paper by Paul Masson

Frustrated Achievers: Winners, Losers, and Subjective Well-Being in New Market Economies

Mon, 01 Jan 2001 00:00:00 GMT

economic studies, csed working paper 21, brookings institution

New Markets, New Opportunities?: Mobility Issues in the Emerging Market Economies

Wed, 01 Sep 1999 00:00:00 GMT

Brookings Review article by Nancy Birdsall and Carol Graham (Fall 1999)

Beyond Tradeoffs: Market Reforms and Equitable Growth in Latin America

Mon, 05 Oct 1998 12:30:00 GMT

Event Information:

October 05, 1998 at 12:30 PM

Private Markets for Public Goods: Raising the Stakes in Economic Reform

Tue, 22 Sep 1998 12:00:00 GMT

Event Information:

September 22, 1998 at 12:00 PM

Raising the Stakes: Involving the Public and Enhancing Equity in Market Reforms

Fri, 01 Mar 1996 00:00:00 GMT

Brookings Review, Spring 1996