Handbook of Emerging Economies: 1st Edition (Hardback) book cover

Handbook of Emerging Economies

1st Edition

Edited by Robert E. Looney


578 pages

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A major new volume in the Routledge International Handbooks series analysing emerging and newly emerged economies, including the BRICS countries (Brazil, Russia, India, China and South Africa) and other likely (Turkey, Indonesia, Mexico, and South Korea) as well as possible (Vietnam, The Philippines, Nigeria, Pakistan, Egypt, Colombia and Argentina) candidates for emerging economy status. Chapters on theories surrounding emerging markets (including the Beijing/Washington Consensus debate) offer an overview of current issues in development economics, in addition to providing an integrated framework for the country case studies. Written by experts, this handbook will be invaluable to academics and students of economics and emerging economies, as well as to business people and researchers seeking information on economic development and the accelerating pace of globalization.


‘This volume will become the indispensable reference on emerging markets.’ – Moisés Na?m, author of End of Power: From Boardrooms to Battlefields and Churches to States, why being in charge is no longer what it used to be.

‘This is another jewel in the editor’s and the publisher’s literary crowns.’ – Jahangir Amuzegar, former minister of Commerce and Minister of Finance, Iran, and a former executive director of the International Monetary Fund.

‘One-stop shopping for policy experts and international business professionals, not to mention the merely curious.’ – Peter Passell, former economics columnist for the New York Times and editor of the Milken Institute Review.

The BRIC economies are the first big story of the 21st century. Here Robert Looney has assembled the essential handbook, and a remarkable collection of authors, to tell their tale.’ – Barry Eichengreen, Professor of Economics and Political Science, University of California, Berkeley, and former senior policy adviser at the International Monetary Fund.

‘This volume is destined to become an instant classic … a dream team of contributors.’ – Hossein Askari, Iran Professor of International Business and International Affairs, George Washington University.

'A valuable contribution.' - Dwight H. Perkins, Harold Hitchings Burbank Professor of Political Economy, Emeritus, Harvard University.

Table of Contents

Foreword Deepak Lal Part 1: Introduction-Overview 1. Introduction Robert E. Looney 2. Key Trends in the World Economy Uri Dadush Part 2: The BRICSs 3. Brazil Albert Fishlow 4. Russia as an Emerging Economy Philip Hanson 5. The How and Why of Economic Growth in India, 1950-2012 Surjit S. Bhalla 6. China after the International Financial Crisis: Still Emerging Pieter Bottelier 7 South Africa's Difficult Transition Robert E. Looney Part 3: Key Lessons: The Path to Emerging Status 8. Modern Stage Theories and their Relevance for Emerging Economies Robert E. Looney 9. Beijing Consensus versus Washington Consensus John Williamson Part 4: Diverse Success Stories 10. The Israeli Economy Paul Rivlin 11. Singapore's Success: After the Miracle Linda Y. C. Lim 12. The Original Sin in Chile's Successful History of Development Patricio Navia Part 5: Likely Success Stories 13. Turkey Fatih Özatay 14. Indonesia's Ways to Sustainable Economic Growth and Development Zamroni Salim 15. Mexico: Emerging Economy Kept on a Leash by Mismatched Monopolies Francisco Gonzalez 16. Middle Income Trap of Malaysian Economy: A Political Economy Analysis Vijayakumari Kanapathy and Herizal Hazri Part 6: Possible Candidates: The Difficult Road Ahead 17. Argentina's Present and its Intriguing Economic History Domingo F. Cavallo 18. Vietnam Martin Rama 19. The Philippines: Road to Begin an Emerging Economy Dante Canlas 20. Pakistan: An Economy in Extreme Distress that could be Revived Shahid Javed Burki 21. Egypt: Too `Big' to Succeed? Bob Springborg 22. Thailand: Economic Progress and the Move to Populism Peter Warr 23. Iran at a Crossroad Reza Ghorashi and Hamid Zangeneh 24. Colombia: Seeking Prosperity through Peace Laura E. Armey, Nake M. Kamany and Danielle N. Ramirez 25. The Saudi Arabian Model Robert E. Looney Part 7: Assessing the Future 26. The Emerging Powers and Global Governance: Why the BRICS matter Leslie Elliott Armijo and Cynthia Roberts 27. Challenges of Managing Emerging Economies Domingo F. Cavallo 28. Korea: An Unexpected Journey from Rags to Riches, from Crisis to Recovery Bernhard Seliger 29. China and India, 2025: A Macroeconomic Assessment Charles Wolf, Jr and Alisher Akhmedjonov

About the Editor

Professor Robert E. Looney is a Distinguished Professor at the Naval Postgraduate School, Monterey, California, who specializes in issues relating to economic development in the Middle East, East Asia, South Asia and Latin America. He has published 22 books and more than 250 articles in professional journals. As an international consultant, Dr Looney has provided advice and assistance to various governments and international organizations.

About the Series

Routledge International Handbooks

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / International / General
BUSINESS & ECONOMICS / Development / Economic Development
BUSINESS & ECONOMICS / International / Economics
POLITICAL SCIENCE / Economic Conditions
SOCIAL SCIENCE / Developing Countries