TY - BOOK ID - 80732302 TI - Emerging Markets in Transition : Growth Prospects and Challenges AU - Cubeddu, Luis. AU - Culiuc, Alexander. AU - Fayad, Ghada. AU - Gao, Yuan. AU - Kochhar, Kalpana. AU - Kyobe, Annette. AU - Oner, Ceyda. PY - 2014 SN - 1498374700 1498339565 9781498339568 1498327664 9781498327664 9781498374705 149835842X PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Economic development KW - Convergence (Economics) KW - Structural adjustment (Economic policy) KW - Industrial productivity KW - Productivity, Industrial KW - TFP (Total factor productivity) KW - Total factor productivity KW - Industrial efficiency KW - Production (Economic theory) KW - Economic convergence KW - Economics KW - Developing countries KW - Economic conditions. KW - E-books KW - Investments: Commodities KW - Macroeconomics KW - Production and Operations Management KW - Business Fluctuations KW - Cycles KW - Economic Growth of Open Economies KW - Macroeconomic Analyses of Economic Development KW - Measurement of Economic Growth KW - Aggregate Productivity KW - Cross-Country Output Convergence KW - Commodity Markets KW - Macroeconomics: Production KW - Production KW - Cost KW - Capital and Total Factor Productivity KW - Capacity KW - Financial Crises KW - Investment & securities KW - Economic & financial crises & disasters KW - Productivity KW - Commodities KW - Commodity prices KW - Global financial crisis of 2008-2009 KW - Prices KW - Financial crises KW - Commercial products KW - Global Financial Crisis, 2008-2009 KW - China, People's Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:80732302 AB - After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the crisis. This raises the question of whether EMs can bounce back to the growth rates seen in the last decade or whether their prospects are dimmer than thought a few years ago. This SDN we will explore the drivers of the slowdown, how changes in external conditions that supported high growth in EMs will affect them over the medium term, and the policy priorities needed to sustain the growth rates seen in the past decades. In doing so, the paper differentiates EMs along various dimensions (e.g. degree of commodity dependence, trade and financial openness) to highlight the need to tailor policy priorities. ER -