Overview
- Presents a comprehensive economic history of 27 emerging market economies
- Offers historical perspectives on the current challenges facing EMEs
- Explores the impact of technological developments, economic inequality and climate change on EMEs
Part of the book series: Palgrave Studies in Economic History (PEHS)
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Keywords
- EMEs
- globalization
- sustainability
- neo-liberal economic order
- economic development
- emerging markets in the age of disruption
- emerging market economies
- economic transition
- EME investments
About this book
This book offers a comprehensive economic history of emerging market economies post-WWII and identifies a complex web of sustainability problems that face the EMEs going forward. It seeks to present a truly global perspective on the development of EMEs and the long-term trends that have brought EMEs to a critical economic juncture.
The first section of the book charts how EMEs became tightly integrated into the global economy at rapid pace, analysing economic achievements as well as imbalances and sustainability issues that have been generated over time. It considers how EMEs have withstood episodes of complex structural transitions and financial shocks, and offers comparative perspectives on patterns of dispersion within the EME landscape from the end of WWII to the present. The second part of the book seeks to understand how EMEs might cope with the volatility brought about by a new ‘age of disruption’ defined by major structural challenges to the neo-liberal economic order. It considers which EMEs are best positioned to respond to issues of economic inequality, financial excess, technological disruption and climate change, what a global historical understanding of the EMEs can offer to policymakers, and the impact on the EME investment landscape. This book will be of interest to a broad audience including researchers of economic history and political economy, as well as policymakers, investment professionals, and the general reader interested in global economic development.
Reviews
“This extremely valuable book helps the reader to understand the scale of the success many EMEs have experienced historically and the forces that have driven this success.” (Baron Jim O’Neill, Member of the House of Lords and former Chief Economist of Goldman Sachs International)
“This is a wonderful book, full of academic rigour, vivid prose and a consistent, thoughtful argument.” (David Lubin, Senior Research Fellow Chatham House, London UK.)
“This welcome contribution is a coherent refresher for seasoned EME watchers and a very accessible introduction for those who are taking a first look at emerging markets.” (Refet S. Gürkaynak, Professor of Economics, Bilkent University)
“This book is a must-read for anyone interested in understanding the history of key emerging markets since 1950.” (Professor Willem Buiter, Former Chief Economist of Citi Group and EBRD)
“At a critical juncture in global geo-economics and geopolitics, the analytical framework with a historical bent that Ahmet Arkali espouses in this book is timely and relevant.” (Hari Hariharan, Chairman and CEO, NWI Management)
Authors and Affiliations
About the author
Ahmet Akarli is a Senior Research Fellow at the London School of Economics. He holds MSc and PhD degrees in Economic History from the LSE and worked as a macroeconomist and investment strategist at various global investment banks and macro hedge funds for 25 years.
Bibliographic Information
Book Title: A Modern Economic History of Emerging Markets (1950 – 2020)
Book Subtitle: Dirigisme, Globalization and Disruption
Authors: Ahmet Akarli
Series Title: Palgrave Studies in Economic History
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2024
Hardcover ISBN: 978-3-031-55209-0Due: 12 July 2024
Softcover ISBN: 978-3-031-55212-0Due: 12 July 2024
eBook ISBN: 978-3-031-55210-6Due: 12 July 2024
Series ISSN: 2662-6497
Series E-ISSN: 2662-6500
Edition Number: 1
Number of Illustrations: 100 b/w illustrations