Economic policies in emerging-market economies (EMEs) are shaped by the structural features and policy challenges of countries on their road to development. Convergence toward income levels of advanced countries is a difficult and bumpy road—it is even uncertain if and when most developing countries will overcome the middle-income trap—and EMEs differ in their particular conditions and progress toward development. Yet they face common issues and policy challenges that require systematic analysis. This volume addresses a selective number of key policy questions relevant to EMEs in the fields of macroeconomics financial integration and economic development.
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