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Conclusions

In: Economic Cycles in Emerging and Advanced Countries

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  • Antonio Pesce

Abstract

In this monograph, I analyzed how the degree of vulnerability of Emerging Economies (EEs) to shocks from Advanced Economies (AEs) has changed over the past 30 years. The main result is that, despite remaining sensitive to the effects of the shocks spreading from the AEs, the EEs have become less vulnerable to such external shocks (both of real and of credit kind). However, over the past 30 years, the economic strengthening of the EEs to external shocks followed a “wave-like” path. A new evidence which need to be explored in deep and which reveals the complexity of the decoupling phenomenon.

Suggested Citation

  • Antonio Pesce, 2015. "Conclusions," Contributions to Economics, in: Economic Cycles in Emerging and Advanced Countries, edition 127, chapter 0, pages 171-173, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-17085-5_5
    DOI: 10.1007/978-3-319-17085-5_5
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