Emerging
in sentence
4230 examples of Emerging in a sentence
Unlike advanced countries, most
emerging
economies are exhibiting inflationary pressures, which could be exacerbated by another round of stimulus spending.
Nevertheless, for
emerging
economies, the medium- to long-term prospects are bright.
Beyond the current crisis, the prospect appears to be similar in other major
emerging
economies, including Brazil, China, and Indonesia.
Emerging
markets were initially tied to this distress only when foreign investors began pulling out their money.
Many
emerging
markets are now at risk of a severe financial crisis.
After the financial crisis, when emerging-market economies continued to grow robustly, that definition seemed obsolete; now, with the recent turbulence in
emerging
economies driven in part by weaker economic-policy credibility and growing political uncertainty, it seems as relevant as ever.
Many other
emerging
economies – Ukraine, Argentina, Venezuela, Russia, Hungary, Thailand, and Nigeria – also face significant political and/or social uncertainties and civil unrest.
According to the positive narrative about
emerging
markets, industrialization, urbanization, per capita income growth, and the rise of a middle-class consumer society were supposed to boost long-term economic and sociopolitical stability.
Emerging
economies today are more fragile and volatile than in the recent past.
Indeed, rising income and wealth inequality in many
emerging
markets may eventually lead to a social and political backlash against liberalization and globalization.
That is why economic growth in
emerging
markets must be cohesive and reduce inequality.
Meanwhile, the highly indebted
emerging
economies would face ballooning dollar liabilities, which could cause financial distress and even crises.
The impact will be particularly powerful in
emerging
countries, where currencies are vulnerable to a rising dollar and tightening liquidity conditions in the US.
Thus, Harvard’s Carmen Reinhart, an authority on global debt crises, believes the Fed will “favor gradualism” to avoid wreaking havoc in
emerging
economies that are overloaded with dollar debts.
Indeed, Kozul-Wright opposes any tightening at all: If the Fed “follows through on raising interest rates,” this could cause serious trouble for the global economy, and especially
emerging
markets, because of “the enormous tsunami of debt bearing down on households, businesses, banks, and governments.”
The key problem, says Jose Antonio Ocampo, former UN Under-Secretary for Economic Affairs, is the dollar’s dominant reserve-currency status, which means that monetary policy in
emerging
economies is overly influenced by the US.
Nouriel Roubini, who famously forecast the 2008 financial crisis, agrees that “a correction has already occurred in
emerging
markets, limiting the need for further adjustment when the Fed moves.”
So savers did what one would expect: seek higher risk-adjusted returns in
emerging
economies, causing increases in credit and fueling upward pressure on exchange rates and asset prices.
This obvious externality required policy responses in the
emerging
countries: limits on capital inflows, reserve accumulation, and measures to restrict credit and restrain asset-price inflation.
Asset prices shifted, and capital rushed out of
emerging
markets, causing credit conditions to tighten and exchange rates to fall.
The
emerging
economies generally have the policy instruments, balance sheets, and expertise to respond effectively.
China’s systemic importance with respect to emerging-market growth, its relative stability, and other
emerging
countries’ domestic policy responses suggest that the main effect of the Fed’s coming policy shift will be a new equilibrium with less distorted asset prices.
It may have been a singular occurrence that reflected a variety of factors, including the euro crisis; continued economic weakness in many European countries; the sharp decline in commodity prices; dramatic slowdowns in Brazil, Russia, and other
emerging
economies; and tighter regulations for international banks, which might have hindered trade finance.
But just when they were supposed to be reaping the benefits of their hard work, the East Asian crisis of July 1997 caused commodity prices to collapse, which forced Russia into default in August 1998 and shut down all
emerging
markets through financial contagion.
This activism was interpreted as a sign of an
emerging
rule-of-law culture in China.
What is needed is a legitimate system of rules, norms, and institutions, devised by private as well as government stakeholders, that reflects the
emerging
global nature of economic, political, and social activity as the old state loses its dominance and must coexist with a patchwork of non-state structures of association.
Emerging
markets need to create theirs in a greatly compressed timeframe.
The 1997 Kyoto Protocol attempted to use a system of tradable quotas to establish a price on carbon-dioxide emissions, but foundered after the United States and several
emerging
countries refused to join.
As a result, the US and several
emerging
economies made commitments to reduce emissions for the first time.
Members of the G20 – the world’s major advanced and
emerging
economies, representing more than four-fifths of global GDP and three-quarters of trade – were responsible for 81% of the punitive measures.
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