Sustaining growth in emerging markets: The role of structural and monetary policies

Ahmet Faruk Aysan; Mustafa Haluk Güler; Cüneyt Orman

doi:10.4337/9781782548171.00017

Sustaining growth in emerging markets: The role of structural and monetary policies

Ahmet Faruk Aysan
, Mustafa Haluk Güler
, Cüneyt Orman

Central Bank of Turkey

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

3 Citations (Scopus)

Abstract

The contribution of emerging market economies to world output increased
significantly in the 2000s. According to an HSBC report (Ward, 2012),
emerging market economies now account for roughly 50 per cent of world
output, up from about 35 per cent in 2000. While the global financial
crisis of 2008 sharply reduced economic growth rates worldwide, the slow-
down in emerging market economies has been substantially less than that
observed in advanced economies, and the emerging market economies
have also been the main drivers of growth in the subsequent recovery (see
Figure 9.1). The most recent Organisation for Economic Co-operation
and Development (OECD) ‘Going for Growth’ report projects that the
emerging market economies will continue to be the drivers of global
growth until 2060, with major consequences for the composition of the
world economy.1

Original language	English
Title of host publication	A New Model for Balanced Growth and Convergence
Subtitle of host publication	Achieving Economic Sustainability in CESEE Countries
Publisher	Edward Elgar Publishing Ltd.
Pages	122-143
Number of pages	22
ISBN (Electronic)	9781782548171
ISBN (Print)	9781782548164
DOIs	https://doi.org/10.4337/9781782548171.00017
Publication status	Published - 31 Oct 2013
Externally published	Yes

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Cite this

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Sustaining growth in emerging markets: The role of structural and monetary policies. / Aysan, Ahmet Faruk; Güler, Mustafa Haluk; Orman, Cüneyt.
A New Model for Balanced Growth and Convergence: Achieving Economic Sustainability in CESEE Countries. Edward Elgar Publishing Ltd., 2013. p. 122-143.

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

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Sustaining growth in emerging markets: The role of structural and monetary policies

Abstract

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