Emerging Economies

 
  • Op-Ed
    The Debt Surge Will Not Ruin China
    Yukon Huang, Canyon Bosler April 8, 2014 Wall Street Journal

    China will see a rise in banks’ nonperforming loans and increasingly frequent defaults in the bond and shadow banking markets. This process will be very messy but is unlikely to derail the economy.

     
  • Op-Ed
    Hold On To Interest Rates
    Ila Patnaik April 1, 2014 Financial Express

    The impact of tighter fiscal and monetary policy on inflation in India is now visible in recent price data. Inflation, measured both by the wholesale price index and by the consumer price index, has come down.

     
  • Op-Ed
    Let China’s Cities Flourish Free From Central Control
    Yukon Huang March 31, 2014 Financial Times

    Instead of trying to disperse growth to the smaller cities, China’s planners should embrace the market forces that encourage its mega-cities to grow still larger.

     
  • Op-Ed
    Economic Consequences of Income Inequality
    Michael Pettis March 23, 2014 China Financial Markets

    Rising inequality is inextricably tied to economic imbalances and, in a context of limited productive investment opportunities, the only sustainable outcome is sharply higher unemployment.

     
  • Op-Ed
    Let Us Not Miss the Point on Chinese Defaults
    Yukon Huang March 20, 2014 Financial Times

    The decision not to bail Chaori out is not a true test of Beijing’s commitment to allow the “market to play a decisive role” in resource allocation as announced last year in the third plenum.

     
  • Op-Ed
    A War of Escalation
    Dmitri Trenin March 19, 2014 Foreign Policy

    The West’s sanctions will be damaging to Russia and its people. However, standing up to Western pressure is likely to become the main feature of a newborn Russian patriotism and the central element of national consolidation.

     
  • Op-Ed
    Growth Is No. 1 Poll Issue for Voters, Survey Shows
    Milan Vaishnav, Devesh Kapur, Neelanjan Sircar March 17, 2014 Times of India

    For voters across India, economic growth and corruption unambiguously dominate all other concerns, and inflation follows closely behind.

     
  • Op-Ed
    The Wrong Way to Liberalize China’s Rates
    Yukon Huang March 13, 2014 Wall Street Journal

    Liberalizing deposit interest rates without first addressing other distortions within the financial system will exacerbate distortions and introduce new and unnecessary risks to China’s economy.

     
  • Op-Ed
    Book Review: ‘The Tyranny of Experts’ by William Easterly
    Sarah Chayes March 7, 2014 Wall Street Journal

    Why does poverty persist across so much of the world, despite billions of dollars in international aid and the efforts of armies of development professionals?

     
  • Op-Ed
    No Escape From Freedom
    Ila Patnaik March 3, 2014 Indian Express

    In India, what merits attention is the sequence and timing of capital account liberalization, and the establishment of institutional capability for fiscal, financial, and monetary policy.

     
  • TV/Radio Broadcast
    Upcoming Highlights for the NPC
    Douglas H. Paal March 10, 2014 CCTV America

    The driving motivation behind the decision by the National People’s Congress to set the growth target at 7.5 percent is their desire to guarantee full employment.

     
  • TV/Radio Broadcast
    Solving China’s Swelling Local Debt Problem
    Yukon Huang December 31, 2013 China View

    Addressing China’s local debt problem requires fiscal reforms to increase local revenues. Sustaining growth also requires expanding the role of private firms and a more efficient urbanization process.

     
  • TV/Radio Broadcast
    Balancing China’s Economy is Unnecessary
    Yukon Huang December 27, 2013 China View

    All successful development stories, from the United States to Korea, involved the same unbalanced growth trajectory China is now on, and they only rebalanced once they reached high income.

     
  • TV/Radio Broadcast
    NAFTA’s Mixed Impact on the Global Economy
    Uri Dadush December 10, 2013 CCTV News

    NAFTA essentially tries to build a more integrated North American economy.

     
  • TV/Radio Broadcast
    How Did Ukraine Get Into a Tug of War Between Russia and the EU?
    Andrew S. Weiss December 5, 2013 Public Radio International’s World

    Putin’s Eurasian Union would be a set of political and economic structures, similar to the EU, that Russia would dominate. But this vision comes with a price; Ukraine’s economy is in trouble, just as Russia is suffering from low economic growth.

     
  • TV/Radio Broadcast
    Does Nuclear Deal With Iran Go Far Enough?
    Karim Sadjadpour November 25, 2013 NPR’s Morning Edition

    Under the new nuclear deal, the broad sanctions architecture remains. Iran’s oil industry is still under sanctions, and if indeed Iran wants to emerge from that isolation, it’s going to require some consistent nuclear compromise.

     
  • TV/Radio Broadcast
    China Needs a Slow-Growth System
    Michael Pettis November 12, 2013 CNBC

    The reforms necessary to rebalance China’s economy require the political resolve to reallocate resources and benefits from state elites to households.

     
  • TV/Radio Broadcast
    International Media Focuses on China’s Reform
    Douglas H. Paal November 10, 2013 CCTV

    The Third Plenum offers an opportunity to articulate a vision for shifting China’s economy to a more consumption-led growth model and to lay out the first steps toward accomplishing that vision.

     
  • TV/Radio Broadcast
    All Eyes on China’s Reform Process
    Evan A. Feigenbaum November 10, 2013 CNBC

    The central issue to be addressed by the Third Plenum is the proper role of the state in China, including the organization of the state and the relations of the state to markets and to citizens.

     
  • TV/Radio Broadcast
    China-Russia Relations
    Joseph Cheng, Dmitri Trenin September 6, 2013 China Radio International’s People In the Know

    The current state of the affairs between Russia and China is most positive in their history. This relationship is built primarily on an economic pragmatism.

     

Carnegie Experts on Emerging Economies

  • Samer Abboud
    Visiting Scholar
    Middle East Center

    Abboud is a visiting scholar at the Carnegie Middle East Center, where his research focuses on the political economy of the Syrian conflict, with a particular emphasis on the matter of capital flight and its implications on Syria’s reconstruction.

  •  
  • James Collins
    Senior Associate, Russia and Eurasia Program;
    Diplomat in Residence

    Ambassador Collins was the U.S. ambassador to the Russian Federation from 1997 to 2001 and is an expert on the former Soviet Union, its successor states, and the Middle East.

  •  
  • Uri Dadush
    Senior Associate
    International Economics Program

    Dadush is a senior associate in Carnegie’s International Economics Program. He focuses on trends in the global economy and is currently tracking developments in the eurozone crisis.

  •  
  • Omar Dahi
    Visiting Fellow
    Middle East Center

    Dahi is a visiting fellow at the Carnegie Middle East Center, where he specializes in economic development and international trade, with a focus on South-South economic relations and the political economy of the Middle East and North Africa.

  •  
  • Khaled Fattah
    Nonresident Scholar
    Middle East Center

    Fattah is a nonresident scholar at the Carnegie Middle East Center, where his research focuses on the political, economic, security, and cultural sectors in Yemen, and state-tribe relations in the Arab Middle East.

  •  
  • Evan A. Feigenbaum
    Nonresident Senior Associate
    Asia Program

    Feigenbaum’s work focuses principally on China and India, geopolitics in Asia, and the role of the United States in East, Central, and South Asia. His previous positions include deputy assistant secretary of state for South Asia, deputy assistant secretary of state for Central Asia, and member of the secretary of state’s policy planning staff with principal responsibility for East Asia and the Pacific.

  •  
  • François Godement
    Nonresident Senior Associate
    Asia Program

    Godement, an expert on Chinese and East Asian strategic and international affairs, is a nonresident senior associate in the Asia Program at the Carnegie Endowment for International Peace.

  •  
  • John L. Holden
    Nonresident Senior Associate
    Asia Program

    Holden is a nonresident senior associate in the Carnegie Asia Program. He also advises corporations and other organizations on their operations in China and assists Chinese companies overseas.

  •  
  • Yukon Huang
    Senior Associate
    Asia Program

    Huang is a senior associate in the Carnegie Asia Program, where his research focuses on China’s economic development and its impact on Asia and the global economy.

  •  
  • Marwan Muasher
    Vice President for Studies

    Muasher is vice president for studies at Carnegie, where he oversees research in Washington and Beirut on the Middle East.

  •  
  • Vikram Nehru
    Senior Associate
    Asia Program
    Bakrie Chair in Southeast Asian Studies

    Nehru is a senior associate in the Carnegie Asia Program. An expert on development economics, growth, poverty reduction, debt sustainability, governance, and the performance and prospects of East Asia, his research focuses on the economic, political, and strategic issues confronting Asia, particularly Southeast Asia.

  •  
  • Martha Brill Olcott
    Senior Associate
    Russia and Eurasia Program and
    Co-director
    al-Farabi Carnegie Program on Central Asia

    Olcott is professor emerita at Colgate University, having taught political science there from 1974 to 2002. Prior to her work at the endowment, Olcott served as a special consultant to former secretary of state Lawrence Eagleburger.

  •  
  • Douglas H. Paal
    Vice President for Studies

    Paal previously served as vice chairman of JPMorgan Chase International and as unofficial U.S. representative to Taiwan as director of the American Institute in Taiwan.

  •  
  • Michael Pettis
    Nonresident Senior Associate
    Asia Program

    Pettis, an expert on China’s economy, is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets.

  •  
  • Dmitri Trenin
    Director
    Moscow Center

    Trenin, director of the Carnegie Moscow Center, has been with the center since its inception. He also chairs the research council and the Foreign and Security Policy Program.

  •  

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