Emerging
in sentence
4230 examples of Emerging in a sentence
In these countries, the revenue-to-GDP ratio almost tripled in just 20 years, from 22% in 1995 to 64% in 2016 – far higher than the ratio in other
emerging
economies, and approaching high-income country levels.
In the 18 high-performing
emerging
economies, only 45% of firms that were in the top quintile, in terms of profit generation, in 2001-2005 were still there a decade later in 2011-2015.
From 1995 to 2016, large publicly listed companies in the fastest-growing
emerging
economies expanded their annual net income 2-5 percentage points faster than firms in other
emerging
and high-income economies.
The question now is whether the high-performing
emerging
economies can sustain rapid and consistent growth, and whether their peers can emulate their success.
Nonetheless, the potential of the
emerging
economies must not be underestimated.
If the other 53
emerging
economies we looked at matched the productivity growth of their 18 high-performing peers, the global economy would be $11 trillion richer by 2030 – the equivalent of adding another China.
The key for
emerging
economies will be to seize the opportunities ahead.
Over the past 15 years, the
emerging
economies have accounted for about two-thirds of global GDP growth.
If countries implement smart policies, building on the lessons of their most dynamic counterparts, robust and consistent growth can prevail across the
emerging
world.
Fears of a shadow-bank-induced credit bubble now top the worry list, reinforcing longstanding concerns that China may succumb to the dreaded “middle-income trap” – a sustained growth slowdown that has ensnared most high-growth
emerging
economies at the juncture that China has now reached.
Invariably, the middle-income trap afflicts those
emerging
economies that cling to early-stage development models for too long.
So a specific pattern is emerging: states help each other.
The US Congress has yet to ratify a 2010 agreement providing China and other large
emerging
economies greater voting power in the World Bank and the International Monetary Fund.
America's reluctance – and that of France, Germany, and Italy – to give the
emerging
powers an appropriate voice in the established international financial institutions is counterproductive.
By founding the AIIB and the New Development Bank, China and other
emerging
powers have signaled that they will not wait for their voices to be better heard.
Modern technology has enabled workers in
emerging
economies to join a global labor market; in the absence of major policy innovation, this is likely to cause a prolonged drag on rich countries.
Emerging
Markets’ Shifting Bottom LineLONDON – One truism of the last three decades is that
emerging
markets are a leveraged play on global growth: they outperform when developed economies are growing, but they are susceptible to sharp downturns when global conditions are less favorable.
On one hand, many
emerging
economies have become more resilient and are no longer simply riding on developed markets’ coattails.
To be sure, the many risks facing
emerging
markets still call for a highly differentiated stance, as market illiquidity can magnify the impact of shocks on prices.
Yet, in addition to higher yields, three secular trends underpin the case for investing in
emerging
markets across global business cycles.
Second, most
emerging
markets have moved to floating exchange rates, which help to cushion growth from external shocks such as unanticipated monetary-policy tightening in the United States.
Low equilibrium interest rates are an important anchor for local and external debt prices in
emerging
markets.
So, while risks may be lower on average for
emerging
markets, this tail risk remains high.
Third, while the relative illiquidity of
emerging
markets has always demanded extra care, the liquidity risk premium for emerging-market assets may be more pro-cyclical than in the past.
Finally, the success of
emerging
markets in floating their exchange rates, combined with the low-growth environment, has indirectly led to a proliferation of nationalist, protectionist policies in the developed economies.
From an investment perspective, the good news is that the traditional perils of investing in
emerging
markets have been mitigated.
Many
emerging
markets have become less vulnerable to external financing shocks and the threat of sharp, unanticipated changes in developed-economy monetary policies.
Despite lower potential growth and equilibrium interest rates in developed economies, average absolute returns for
emerging
markets may be no lower than in the past.
Meanwhile, as investors look outside the US for higher yield, the flood of money out of the dollar has bid up exchange rates in
emerging
markets around the world.
Emerging
markets know this, and are upset – Brazil has vehemently expressed its concerns – not only about the increased value of their currency, but that the influx of money risks fueling asset bubbles or triggering inflation.
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