Emerging market economies (EMEs) have become a dominant presence in the world economy over the past two decades. The global financial crisis, however, cast a pall over the notion that EMEs had become self-reliant and had insulated themselves from advanced country developments. Still, the EMEs as a group have weathered the crisis better than the advanced economies. This article provides brief answers to seven commonly asked questions about the EMEs’ experience during the crisis.1
Based on Emerging Markets: Resilience and Growth Amid Global Turmoil, by M. Ayhan Kose and Eswar S. Prasad, published by Brookings Institution Press in November 2010.