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Palgrave Macmillan

Emerging Markets in a World of Chaos

Pathways for Economic Growth and Development

  • Book
  • © 2023


  • Highlights the different pathways for economic growth and development within the Global South
  • Discusses how current events, including the war in Ukraine and the COVID-19 pandemic, have impacted growth trajectories
  • Presents a broad analysis of emerging markets informed by original empirical research

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About this book

This book is a journey through leading and incredibly diverse emerging markets in a world of shocks and transitions. Tracing the rise of China, the emergence of India, the changing fortunes in Brazil, Argentina, and Mexico, the unique developments in Turkey and Indonesia, the complex geopolitics in Russia and Saudi Arabia, and the challenging post-apartheid transition in South Africa, the study examines their varying prospects in the years to come.


Using an innovative analytical approach and rich empirics, the book delves into topics ranging from macroeconomics to human development, institutions to climate change. It provides a strategic roadmap of reform for these economies to escape the middle-income trap. It argues that in a world where advanced economies are defined by slowdown, growing trade blocs, changing demographics, and the rise of renewable technologies, emerging markets will continue to play a significant but complex role in the twenty-first century.



Table of contents (7 chapters)

Authors and Affiliations

  • Falls Church, USA

    Ali Zafar

About the author

Ali Zafar is a macroeconomist with more than 20 years experience advising governments in sub-Saharan Africa, South Asia, and the Middle East. He is the author of The CFA Franc Zone: Economic Development and the Post-Covid Recovery (2021). He is head of the UNDP Development Policy Research Hub and Economic Advisor in Ethiopia. 

Bibliographic Information

  • Book Title: Emerging Markets in a World of Chaos

  • Book Subtitle: Pathways for Economic Growth and Development

  • Authors: Ali Zafar

  • DOI:

  • 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 2023

  • Hardcover ISBN: 978-3-031-29948-3Published: 04 November 2023

  • eBook ISBN: 978-3-031-29949-0Published: 03 November 2023

  • Edition Number: 1

  • Number of Pages: XIX, 218

  • Topics: Development Economics, Economic Policy, Emerging Markets/Globalization

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