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A GEMINI Assessment

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Emerging Markets in a World of Chaos
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Abstract

The framework comparing the top 10 emerging markets across a range of indicators yields several insights. An analysis of growth, equity, money, institutions, national competitiveness, and infrastructure shows the heterogeneity of countries and the diverse political economies, macroeconomic policies, and microeconomic environment. Many factors influence growth. China, India, and Indonesia do better, while Russia, Argentina, Mexico, and South Africa are lagging. Not all things go together. Success in one area may be offset by difficulties in another.

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Notes

  1. 1.

    WEO (World Economic Outlook Databases) (dashboard), International Monetary Fund, Washington, DC, https://www.imf.org/en/Publications/SPROLLS/world-economic-outlook-databases#sort=%40imfdate%20descending.

  2. 2.

    HDI (Human Development Index) (dashboard), United Nations Development Programme, New York, https://hdr.undp.org/data-center/human-development-index#/indicies/HDI.

  3. 3.

    Credit to the non-financial sector (dashboard), Bank for International Settlements, Basel, Switzerland, https://www.bis.org/statistics/totcredit.htm?m=2669.

  4. 4.

    Schwab (2019).

  5. 5.

    Schwab (2019).

  6. 6.

    LPI (Logistics Performance Index) (dashboard), World Bank, Washington, DC, https://lpi.worldbank.org/.

  7. 7.

    Kose et al. (2022).

  8. 8.

    Deghi et al. (2022).

  9. 9.

    UNDP (2013).

  10. 10.

    HCP (Human Capital Project) (dashboard), World Bank, Washington, DC, http://www.worldbank.org/en/publication/human-capital.

  11. 11.

    MPI (Multidimensional Poverty Index) Interactive Data Bank, Oxford Poverty and Human Development Initiative, Oxford, http://www.ophi.org.uk/multidimensional-poverty-index/mpi-data-bank/.

  12. 12.

    Feliba and Ahmad (2021).

  13. 13.

    MSCI (2023).

  14. 14.

    IIF (2023).

  15. 15.

    Schwab (2019).

  16. 16.

    Acemoglu and Robinson (2012).

  17. 17.

    Besley (2020).

  18. 18.

    Khemani (2019).

  19. 19.

    CPI (Corruption Perceptions Index) (dashboard), Transparency International, London, http://www.transparency.org/research/cpi/overview.

  20. 20.

    Naughton (2015).

  21. 21.

    Ang (2016).

  22. 22.

    Guilford (2014), Pei (2008).

  23. 23.

    Naidu (2018).

  24. 24.

    Kapur (2020).

  25. 25.

    Mazzuca (2022). See also Reid (2022).

  26. 26.

    UNDP (2021).

  27. 27.

    Rodrik (2011), Stiglitz (2002).

  28. 28.

    Hanson (1997). Another paper by Hanson (1994) is also relevant.

  29. 29.

    Economist (2020).

  30. 30.

    De Gregorio (2018).

  31. 31.

    Chin (2018).

  32. 32.

    Horn et al. (2020).

  33. 33.

    World Bank (2021).

  34. 34.

    McCarthy (2013).

  35. 35.

    Climate on demand (dashboard), Moody’s Analytics, New York, https://www.moodysanalytics.com/microsites/climate%20on%20demand?utm_medium=cpc&utm_campaign=climateondemand&utm_source=google&utm_term=usa.

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Correspondence to Ali Zafar .

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Zafar, A. (2023). A GEMINI Assessment. In: Emerging Markets in a World of Chaos. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-29949-0_4

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  • DOI: https://doi.org/10.1007/978-3-031-29949-0_4

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-031-29948-3

  • Online ISBN: 978-3-031-29949-0

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