“This book provides an insightful, timely, and fresh perspective on the present and future growth trajectory of emerging markets.  The introduction and the case studies vividly show the need to re-calibrate our expectations and understanding: while emerging economies’ prospects were clearly over-hyped in the wake of the crisis, the bleak forecasts that dominate today’s headlines are similarly exaggerated.” 

Joshua Aizenman, Dockson Chair in Economics and International Relations, University of Southern California, USA

"This collection of theoretical and empirical studies is an essential reference to the new economics of emerging markets in the twenty first century. With its global perspective, the book is a must-read for academic economists, policymakers, students, and economic analysts on evolving macroeconomic methodology, empirical analysis, and the challenges of policymaking in the aftermath of the global economic crisis." 

Pierre-Richard Agénor, Hallsworth Professor of International Macroeconomics and Development Economics, University of Manchester, UK