External challenges to the economic expansion of emerging markets in the post-COVID 19 and post-COP26 era:
The purpose of this study is to assess, from a Balance of Payment Constraint Growth (BPCG) theoretical perspective, current key challenges of developing countries that spring from two broad exogenous factors. These factors are: i) global shocks that affect the world economy, and ii) major economic...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2023-02-01
|
| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/17974 |
| _version_ | 1828035758377664512 |
|---|---|
| author | Juan Carlos Moreno-Brid Lorenzo Nalin Edgar Pérez-Medina |
| author_facet | Juan Carlos Moreno-Brid Lorenzo Nalin Edgar Pérez-Medina |
| author_sort | Juan Carlos Moreno-Brid |
| collection | DOAJ |
| description |
The purpose of this study is to assess, from a Balance of Payment Constraint Growth (BPCG) theoretical perspective, current key challenges of developing countries that spring from two broad exogenous factors. These factors are: i) global shocks that affect the world economy, and ii) major economic policy changes in developed countries. The BPCG perspective helps to identify to what extent these challenges are rooted in the developing countries’ vulnerabilities and structural weaknesses linked to their role in international trade and capital markets. To discuss the current uncertain global environment potential implications for developing economies – growing inflation, hawkish monetary policy, cross-border flows redistribution, as well as the geopolitical redefinition of international trade and global value chains, among others - the present work builds a BPCG model for the post-COVID era and applies it to evaluate challenges to growth in six countries: Chile, Colombia, Ghana, India, Mexico, and Turkey.
|
| first_indexed | 2024-04-10T15:51:10Z |
| format | Article |
| id | doaj.art-e3c2061a3bca431182ed279b65dda9ce |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T15:51:10Z |
| publishDate | 2023-02-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-e3c2061a3bca431182ed279b65dda9ce2023-02-11T16:33:31ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432023-02-017530310.13133/2037-3643/17974External challenges to the economic expansion of emerging markets in the post-COVID 19 and post-COP26 era:Juan Carlos Moreno-Brid0Lorenzo Nalin1Edgar Pérez-Medina2Universidad Nacional Autónoma de México (UNAM)Universidad Nacional Autónoma de México (UNAM)Universidad Nacional Autónoma de México (UNAM) The purpose of this study is to assess, from a Balance of Payment Constraint Growth (BPCG) theoretical perspective, current key challenges of developing countries that spring from two broad exogenous factors. These factors are: i) global shocks that affect the world economy, and ii) major economic policy changes in developed countries. The BPCG perspective helps to identify to what extent these challenges are rooted in the developing countries’ vulnerabilities and structural weaknesses linked to their role in international trade and capital markets. To discuss the current uncertain global environment potential implications for developing economies – growing inflation, hawkish monetary policy, cross-border flows redistribution, as well as the geopolitical redefinition of international trade and global value chains, among others - the present work builds a BPCG model for the post-COVID era and applies it to evaluate challenges to growth in six countries: Chile, Colombia, Ghana, India, Mexico, and Turkey. https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/17974Balance of Payment Constraint Growth ModelCurrent account deficitEmerging markets' vulnerabilitiesExternal ConstraintCross-border flows |
| spellingShingle | Juan Carlos Moreno-Brid Lorenzo Nalin Edgar Pérez-Medina External challenges to the economic expansion of emerging markets in the post-COVID 19 and post-COP26 era: PSL Quarterly Review Balance of Payment Constraint Growth Model Current account deficit Emerging markets' vulnerabilities External Constraint Cross-border flows |
| title | External challenges to the economic expansion of emerging markets in the post-COVID 19 and post-COP26 era: |
| title_full | External challenges to the economic expansion of emerging markets in the post-COVID 19 and post-COP26 era: |
| title_fullStr | External challenges to the economic expansion of emerging markets in the post-COVID 19 and post-COP26 era: |
| title_full_unstemmed | External challenges to the economic expansion of emerging markets in the post-COVID 19 and post-COP26 era: |
| title_short | External challenges to the economic expansion of emerging markets in the post-COVID 19 and post-COP26 era: |
| title_sort | external challenges to the economic expansion of emerging markets in the post covid 19 and post cop26 era |
| topic | Balance of Payment Constraint Growth Model Current account deficit Emerging markets' vulnerabilities External Constraint Cross-border flows |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/17974 |
| work_keys_str_mv | AT juancarlosmorenobrid externalchallengestotheeconomicexpansionofemergingmarketsinthepostcovid19andpostcop26era AT lorenzonalin externalchallengestotheeconomicexpansionofemergingmarketsinthepostcovid19andpostcop26era AT edgarperezmedina externalchallengestotheeconomicexpansionofemergingmarketsinthepostcovid19andpostcop26era |