Benn Steil


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Emerging Markets and World Growth

July 21, 2009


With the United States and other developed countries no longer serving as the engine of global demand growth, a new source of growth is needed. In the past few years, emerging markets have been an important source of global demand growth. The IMF expects this trend to continue, with demand in the emerging world recovering faster than demand in the advanced economies.

Economist: Consumer Spending in Asia
Pettis: Asia Needs to Ditch Its Growth Model
Wolf: After the Storm Comes a Hard Climb
Glosserman: Asia’s Rise Far From Inevitable

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