The Economics of Developing and Emerging Markets

Explains the rising importance of emerging markets to give a better understanding of current development challenges.

Charles van Marrewijk (Author), Steven Brakman (Author), Julia Swart (Author)

9781107618589, Cambridge University Press

Paperback / softback, published 1 December 2022

562 pages
25.5 x 20.3 x 2.5 cm, 1.35 kg

'[This] textbook is a well-structured and informative book that provides a thorough analysis of economic issues in the developing world. The book provides a comprehensive overview of economic theories and practical case studies related to developing economies. It serves as a useful resource for understanding economic policies and challenges in both developing and emerging markets. It is highly relevant for students as well as teachers, policy-makers and business professionals seeking to understand the issues and the complexities involved in managing development challenges in the developing world. I highly recommend the book.' Ligang Song, Economic Record

This textbook presents an innovative new perspective on the economics of development, including insights from a broad range of disciplines. It starts with the current state of affairs, a discussion of data availability, reliability, and analysis, and an historic overview of the deep influence of fundamental factors on human prosperity. Next, it focuses on the role of human interaction in terms of trade, capital, and knowledge flows, as well as the associated implications for institutions, contracts, and finance. The book also highlights differences in the development paths of emerging countries in order to provide a better understanding of the concepts of development and the Millennium Development Goals. Insights from other disciplines are used help to understand human development with regard to other issues, such as inequalities, health, demography, education, and poverty. The book concludes by emphasizing the importance of connections, location, and human interaction in determining future prosperity.

Part I. Introduction and Deep Roots: 1. Economic Development Today
2. Data and Methods
3. Uneven Playing Field
4. Geo-Human Interaction
Part II. Human Interaction: 5. Globalization and Development
6. International Trade
7. Economic Growth
8. Institutions and Contracts
9. Money and Finance
Part III. Human Development: 10. Poverty, Inequality, and Gender
11. Poor Economics
12. Population and Migration
13. Education
14. Health
Part IV. Connections and Interactions: 15. Agriculture and Development
16. Urbanization and Agglomeration
17. Geographical Economics and Development
18. Heterogeneous and Multinational Firms
19. Sustainability and Development.

Subject Areas: Political economy [KCP], Development economics & emerging economies [KCM], Development studies [GTF], Data analysis: general [GPH]