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Why could growth rates decrease in emerging market economies?
[Почему Могут Снизиться Темпы Роста В Странах С Развивающейся Рыночной Экономикой?]

Author

Listed:
  • Aslund, Anders (Ослунд, Андерс)

    (Peterson Institute for International Economics, Georgetown University)

Abstract

Growth of emerging market economies from 2000 to 2012 was characterized by unusually high rates. This paper discusses the many reasons why countries with economies in transition will now be developed more slowly. Much of the accumulated potential was squandered. Time commodity boom and the extraordinary scale lending had passed, and most developing countries have lost margin. Their main problems are due to the imperfection of management methods, so they will be forced to carry out a global structural reforms to maintain the momentum of development; However, many politicians still remain groundless arrogance and configured to carry out the necessary reforms. They are trapped in the state and crony capitalism. Before the release of the markets for all the Western countries should take care of their own interests. The period ended with economic convergence, and possibly stop it for years to come. Developing countries need to improve the quality of governance, and to make progress in other areas of the economy to continue catching up development. In the next ten years, the West can take a new economic breakthrough - as in the 1980s.

Suggested Citation

  • Aslund, Anders (Ослунд, Андерс), 2014. "Why could growth rates decrease in emerging market economies? [Почему Могут Снизиться Темпы Роста В Странах С Развивающейся Рыночной Экономикой?]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 7-34.
    • Handle: RePEc:rnp:ecopol:ep1413
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    References listed on IDEAS

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