Emerging economies: When giants slow down

Posted: July 27, 2013 in economy
Tags: , ,

UK Only Article: 
standard article

Issue: 

The Great Deceleration

Fly Title: 

Emerging economies

Rubric: 

The most dramatic, and disruptive, period of emerging-market growth the world has ever seen is coming to its close

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THIS year will be the first in which emerging markets account for more than half of world GDP on the basis of purchasing power, according to the International Monetary Fund (IMF). In 1990 they accounted for less than a third of a much smaller total. From 2003 to 2011 the share of world output provided by the emerging economies grew at more than a percentage point a year (see chart 1). The remarkably rapid growth the world has seen in these two decades marks the biggest economic transformation in modern history. Its like will probably never be seen again.

According to a recent study by Arvind Subramanian and Martin Kessler, of the Peterson Institute, a think-tank, from 1960 to the late 1990s just 30% of countries in the developing world for …

via Economic Crisis http://www.economist.com/news/briefing/21582257-most-dramatic-and-disruptive-period-emerging-market-growth-world-has-ever-seen?fsrc=rss

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