10 years after the GFC: A lost decade for the emerging countries?

Abstract

Th e term ‘emerging markets’ refl ects to those countries that are undergoing structural and economic transformation and have the chance of becoming an advanced economy. However many research focus on this group, these countries are heterogeneous and face with diff erent challenges. In the article, aft er an extensive defi nition of ‘emerging markets’ the recent economic, especially macroeconomic and fi nancial trends are presented. Th e Global Financial Crisis was a turning point, but the path of recovery was far from uniform. As a novelty I present a new categorization in order to present the economic developments of the last decade.