Emerging
in sentence
4230 examples of Emerging in a sentence
Faster growth and higher interest rates in
emerging
markets relative to those in developed economies encourage capital flows to the former, while an increase in global risk aversion – for example, during the eurozone crisis in 2011 – discourages them.
The IMF finds that
emerging
markets’ net capital inflows have been above their long-term structural trend and more sensitive to interest-rate differentials since 2008.
The Fed study finds that
emerging
economies’ total net capital inflows have been higher than expected in the post-crisis period, driven by larger-than-predicted net portfolio inflows (mainly bond flows).
The MGI also finds that, compared to pre-crisis trends, portfolio-debt inflows to
emerging
markets were larger than predicted between 2009 and 2012.
The recent decline in capital flows to
emerging
markets is also consistent with theory.
For starters, the growth-rate differential favoring
emerging
markets has declined.
As the 2008 and 2011 experiences demonstrate, heightened risk aversion among global investors reduces capital flows to
emerging
markets, even when they are not the source of risk.
Higher long-term interest rates in the US (and expectations of further hikes) are eating into the interest-rate differentials that attracted yield-hungry investors to
emerging
markets from 2009 to 2012.
The losses in emerging-market currencies and assets in recent months are a harsh reminder of an inconvenient truth: when the Fed tightens monetary policy to manage macroeconomic conditions in the US, there are large unintended spillover effects on capital flows to
emerging
markets.
We saw this before in the events precipitating the financial crises that engulfed
emerging
markets in the late 1990’s.
Fortunately, many
emerging
economies are better prepared to weather the storm now than they were then.
At the recent annual meeting of central bankers in Jackson Hole, Wyoming, IMF Managing Director Christine Lagarde expressed concern about slowing growth in
emerging
markets and urged them to pursue additional economic reforms.
But she acknowledged that the inevitable exit from ultra-easy monetary policies in the US and other developed economies could trigger financial-market instability in
emerging
economies, and pledged IMF support, including on a precautionary or pre-emptive basis, to assist them.
Emerging
from a series of macroeconomic crises in the mid-1990s, Mexico undertook bold reforms that should have put it on track for rapid economic growth.
Only a stronger Europe will ensure fair trade with
emerging
countries, especially China.
Reigniting Emerging-Economy GrowthHONG KONG – It is no secret that
emerging
economies are facing serious challenges, which have undermined their once-explosive growth and weakened their development prospects.
Throughout this process, the
emerging
economies recognized the importance of allowing market mechanisms to work, guaranteeing property rights, and safeguarding macroeconomic and financial stability.
As they pursued this agenda,
emerging
economies experienced stuttering starts and numerous crises, often associated with excessive debt, currency traps, and high inflation.
Nonetheless, in an increasingly open global environment, characterized by strong growth (and demand) in the advanced economies, the
emerging
economies managed to make huge and rapid progress.
For the
emerging
economies, with their relatively illiquid financial markets, such trends encourage over-dependence on low-cost external capital, which can be withdrawn in a heartbeat.
Making matters worse for the resource-rich
emerging
economies, commodity prices have plummeted since 2014.
That is all the more true for the
emerging
economies, which have become highly dependent on their neighbors.
In short,
emerging
economies have been challenged by externally generated macroeconomic shifts, unconventional monetary policies, widespread volatility, and slow growth in developed markets.
Whichever path
emerging
economies choose for addressing these challenges must also account for the fundamental shift driven by digital capital-intensive technologies.
Jobs in electronics assembly, which plays a huge role in global trade and has helped to drive growth in many
emerging
economies – notably, China – are particularly vulnerable.
In any case, the developing countries – and especially the
emerging
economies – clearly have a lot on their plates.
Recent changes in China should instead be regarded as part of a broader process, in which competing systems of governance are
emerging
to cope with complex, globally connected challenges, such as disruptive technologies, geopolitical rivalries, climate change, and demographic shifts.
The “fair deal” would include encouraging international “coalitions of the engaged” aimed at intensifying exchange of information, enlarging our knowledge about
emerging
talent gaps, and finding solutions to bridge these gaps.
Propelled by demand and outsourcing from advanced economies,
emerging
markets won a growing share of the soaring trade in goods; by 2014, they accounted for more than half of global trade flows.
China is the only
emerging
economy to have made it to the top ten on the index.
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