Podcasts

Back

China and Emerging Economies

01
December 2014
Andrew Small

This podcast is performed by Andrew Small. This podcast addresses a series of macro-trends the Chinese economy has been experiencing these past years. It also presents China’s relationship to various emerging markets, and more broadly, the country’s relationship to the global economy as it is shifting at the moment. This brief identifies major developments that stand from China’s internal economic development as it affects some important trends from the global economy, and their impact on emerging markets. It hence explores how the adopted political strategy fits together with broader macroeconomic developments.

 

RELATED CONTENT

  • The size of Biden’s fiscal package
    Authors
    Otaviano Canuto
    Otaviano Canuto
    February 22, 2021
    The monetary policy report submitted by the Board of Governors of the Federal Reserve System to the U.S. Congress on Friday Feb. 19 showed that the Fed’s members have improved economic growth expectations for 2021 and 2022, expect lower unemployment rates. Meanwhile, only two of the 18 participants projected PCE (personal consumption expenditures) inflation to (slightly) exceed the 2% that serves as the longer-run objective for the monetary policy regime. In this context, is there ...
  • Central Banks and Inequality
    Authors
    Otaviano Canuto
    Otaviano Canuto
    February 11, 2021
    While the economic recovery around the world remains uneven, fragile, and unbalanced across sectors, financial markets are generally doing very well, thanks! In the United States, only half of the unemployment caused by the pandemic last year has been reversed, while stock markets continued to boom. Of course, this largely reflected the extraordinary support given by monetary authorities since March last year. As in the period after the 2007-08 global financial crisis, voices have ...
  • Is Vietnam a Currency Manipulator? Implications for Developing Countries – Comments on the U.S. Treasury Report
    Authors
    Hinh T. Dinh
    Hinh T. Dinh
    January 26, 2021
    WASHINGTON-The December 2020 U.S. Treasury Report (hereafter referred to as the TR) to Congress singled out Vietnam and Switzerland as currency manipulators. In Vietnam’s case, it is surprising that the U.S. Treasury openly expressed its concerns about a country that graduated from the group of low-income countries only a few years ago. Additionally, Vietnam’s GDP per capita and total GDP are a fraction of the U.S.’s, but the country is assessed in the same way as developed countrie ...
  • The Vaccine, the Economy, and Governance
    Authors
    Uri Dadush
    December 30, 2020
    According to this month’s OECD economic outlook, global GDP --- which took a huge hit from the pandemic and is still 3% below its level of a year ago – will not recover its pre-pandemic level until the end of 2021. In a downside scenario, the return could take almost a year longer. The OECD predictions, which imply high and protracted unemployment, are in line with the view of many other official and private organizations. The arrival of effective vaccines such as Pfizer-BioNTech wa ...
  • Download PDF
    Les implications du mode d’insertion du Maroc dans l’économie mondiale sur sa croissance et sur son développement : passé et avenir
    Authors
    Attioui Abdelali
    Billaudot Bernard
    Chafiq Adnane
    December 30, 2020
    Le présent rapport a pour objet d’analyser les implications sur la croissance et le développement du Maroc de son insertion dans l’économie mondiale. Cette analyse est menée en comparant la dynamique économique observée après 1998 à celle qui l’a été avant. En effet, la période 1998-2018 est celle au cours de laquelle se sont manifestés les effets du choix acté et assumé politiquement de l’ouverture (ou du libre-échange, si on préfère). Pour avant, nous nous en tenons à la période 1 ...
  • Download PDF
    Rapport annuel sur l’économie de l’Afrique 2020
    Authors
    Sous la direction de
    Larabi Jaïdi
    Abdelaaziz Ait Ali
    Nezha Alaoui M’hammdi
    Mahmoud Arbouch
    Muhammad Ba
    Amanda Bisong
    Rafik Bouklia Hassane
    Oumayma Bourhriba
    Salma Daoudi
    Amal El Ouassif
    Tayeb Ghazi
    Aomar Ibourk
    Len Ishmael
    Pierre Jacquemot
    Leo Kemboi
    Jacob Kotcho
    Mouhamadou Ly
    Jamal Machrouh
    Iván Martín
    Fatima Ezzahra Mengoub
    Solomon Muqayi
    Meriem Oudmane
    Ahmed Ouhnini
    Mohamed Ould El Abed
    Kwame Owino
    Asmita Parshotam
    Fatih Pittet
    Afaf Zarkik
    December 29, 2020
    Dès les premiers cas du Coronavirus relevés en Afrique, les prédictions les plus sombres ont été faites sur la catastrophe sanitaire à venir sur le continent, en raison d’un certain nombre de caractéristiques supposées favoriser la propagation de l’épidémie. Ces prévisions ont été démenties par la rapidité des ripostes des Etats et par divers autres facteurs. La progression de la Covid-19 en Afrique n’est pas le fait d’une dynamique unique mais plutôt de multiples profils de risques ...
  • Happy New Year?
    Authors
    Uri Dadush
    December 23, 2020
    This article was originally published on Bruegel  A recovery from the COVID-19 recession is underway though the suffering is far from over, especially for the most vulnerable. Inequality is both a consequence of the pandemic and a cause of its severity. Many countries need comprehensive policy change to address its worst effects. At the end of a tragic year marked by pandemic and increased poverty, the miraculously rapid arrival of vaccines stirs great hope. The COVID-19 recession ...
  • Why a Weaker Dollar Might Be Good for Emerging Markets?
    Authors
    Otaviano Canuto
    December 22, 2020
    After reaching a peak against other currencies in March this year, the dollar fell by almost 15% until the beginning of December. According to Bloomberg, asset portfolio managers have been assuming "short" positions against the dollar, that is, betting on its fall ahead. The dollar is expected to devalue against the euro, the yen, and the Chinese RMB in 2021. The peak last March, during the coronavirus financial shock, reflected the search for a safe haven in short-term US bonds or ...
  • L’Union européenne approuve son budget face à la crise : « Eppur si mouve »
    Authors
    Iván Martín
    December 18, 2020
    Avec du suspense jusqu’à la dernière minute, comme l’Union européenne (UE) aime le faire, le 10 décembre 2020 le Conseil européen a finalement donné son accord pour le budget de l’Union 2021-2027 (1,8 milliards d’euros[1]) et du Fonds de récupération et de relance pour faire face aux conséquences économiques et sociales de la Covid-19 dans les pays de l’UE. Le Fonds répartira entre les États membres 750 milliards d’euros entre 2021 et 2023 (sous le nom de « EU Next Generation »), 36 ...
  • Download PDF
    Brazil at a Post-Pandemic Macroeconomic Crossroads
    Authors
    Otaviano Canuto
    Márcio Issao Nakane
    Otaviano Canuto
    December 17, 2020
    Brazil is one of the countries hardest hit by COVID-19. Apart from the dramatic health implications, COVID-19 will also scar the Brazilian economy, including through a jump in its already high public-sector debt-to-GDP ratio in 2020. Moving forward—or not—with structural reforms aimed at lifting private investment will define whether a sustainableor unsustainable—growth-cum-debt trajectory will prevail in the next decade. The extent to which Brazil regains its attractiveness for for ...