{"id":15603,"date":"2013-06-18T14:24:06","date_gmt":"2013-06-18T18:24:06","guid":{"rendered":"https:\/\/www.bu.edu\/pardee\/?page_id=15603"},"modified":"2013-08-10T10:13:36","modified_gmt":"2013-08-10T14:13:36","slug":"emerging-market-and-developing-countries","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/pardee\/research\/global-economic-governance-2\/emerging-market-and-developing-countries\/","title":{"rendered":"\"GEGI_BUbrick_noBU_300x50\"<\/a>Emerging Markets and the Periphery Program"},"content":{"rendered":"

\"Teapicker_600x300\"<\/a><\/p>\n

The economic crisis in Europe and the United States has highlighted the rapid rise and internal differentiation of the Global South economies. Why is it that while some developing countries are making only modest advances, others have reached the point that they strongly challenge the industrial prowess of the old North-Atlantic core of the global economy? Is the rise of the BRICS and other emerging economies sustainable, or is it a fragile development that hinges on the commodity boom and cheap credit from international financial sectors?<\/p>\n

GEGI\u00a0 currently has three research programs in this area:<\/em><\/p>\n

The BRICS<\/a><\/h2>\n

The systemic shock of the Great Recession has called into question the oft-noted convergence of rising economic powers such as Brazil, Russia, India and China (BRICs), along with their supposed relationship to the Washington Consensus policy paradigm.\u00a0\u00a0 Have the BRICs \u2018grown apart\u2019 from both the ideas and the policies prepared for them by Washington-based institutions?\u00a0 To date, there has been no systematic scholarly effort aimed at analyzing the spread of Washington Consensus ideas and policies in relation to the rise of the BRICs, and GEGI is working to fill this void.<\/p>\n

Frontier Economies<\/a><\/h2>\n