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M. Ayhan Kose and Franziska Ohnsorge (eds.): Review of A decade after the global recession: lessons and challenges for emerging and developing economies

M. Ayhan Kose and Franziska Ohnsorge (eds.): Review of A decade after the global recession:... Business Economics (2020) 55:98–100 https://doi.org/10.1057/s11369-020-00164-6 BOOK RE VIE W M. Ayhan Kose and Franziska Ohnsorge (eds.): Review of A decade after the global recession: lessons and challenges for emerging and developing economies World Bank Group Amalia Estenssoro Published online: 27 February 2020 © National Association for Business Economics 2020 The category “emerging” or “developing” attached to a 1 T he classical view of emerging markets country carries an aspirational concept, despite myriad and developing countries challenges, of a future more resilient economy, one that can in time grow to become a “developed economy.” The There are three main messages the authors try to convey in 2007–2008 global financial crisis, and in particular, the this book. First, EMDEs have learned from past shocks and, ensuing 2009 global recession, have provided economic during the most recent crisis, were far better prepared to deal researchers with a real-world experiment to test and grade with it, including the ability to implement, for the first time, the achievements of emerging and developing economies so “large-scale countercyclical fiscal and monetary policies far this century. This book focuses its analysis on emerging during the global recession.” This is because the 2002–2007 market and developing economies (EMDEs), while docu- prerecession period produced EMDE growth averaging menting the http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

M. Ayhan Kose and Franziska Ohnsorge (eds.): Review of A decade after the global recession: lessons and challenges for emerging and developing economies

Business Economics , Volume 55 (2): 3 – Apr 1, 2020

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Publisher
Springer Journals
Copyright
2020 National Association for Business Economics
ISSN
0007-666X
eISSN
1554-432X
DOI
10.1057/s11369-020-00164-6
Publisher site
See Article on Publisher Site

Abstract

Business Economics (2020) 55:98–100 https://doi.org/10.1057/s11369-020-00164-6 BOOK RE VIE W M. Ayhan Kose and Franziska Ohnsorge (eds.): Review of A decade after the global recession: lessons and challenges for emerging and developing economies World Bank Group Amalia Estenssoro Published online: 27 February 2020 © National Association for Business Economics 2020 The category “emerging” or “developing” attached to a 1 T he classical view of emerging markets country carries an aspirational concept, despite myriad and developing countries challenges, of a future more resilient economy, one that can in time grow to become a “developed economy.” The There are three main messages the authors try to convey in 2007–2008 global financial crisis, and in particular, the this book. First, EMDEs have learned from past shocks and, ensuing 2009 global recession, have provided economic during the most recent crisis, were far better prepared to deal researchers with a real-world experiment to test and grade with it, including the ability to implement, for the first time, the achievements of emerging and developing economies so “large-scale countercyclical fiscal and monetary policies far this century. This book focuses its analysis on emerging during the global recession.” This is because the 2002–2007 market and developing economies (EMDEs), while docu- prerecession period produced EMDE growth averaging menting the

Journal

Business EconomicsSpringer Journals

Published: Apr 1, 2020

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