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The Rise and Fall of Emerging Markets

Looking back, the decade between 2000 and 2009 marked the glory years for emerging markets.

Investors were making a mint in the stock markets. Emerging giants India and China even hit economic growth rates above 10% per year.

Emerging markets as a whole were growing an average of 4.5% faster than rich countries. That was enough to push their share of gross domestic product (GDP) from just over a third to nearly half.

Throw those numbers into a spreadsheet, and you’d find that the pace of growth was enough for the average income per person to converge to U.S. levels in a scant 30 years — a blink of an historical eye.

“Convergence” with the rich world was inevitable.

Read more about the rise and fall of emerging markets at Eagle Daily Investor.

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Looking back, the decade between 2000 and 2009 marked the glory years for emerging markets.

archive

The Rise and Fall of Emerging Markets

Looking back, the decade between 2000 and 2009 marked the glory years for emerging markets.

Looking back, the decade between 2000 and 2009 marked the glory years for emerging markets.

Investors were making a mint in the stock markets. Emerging giants India and China even hit economic growth rates above 10% per year.

Emerging markets as a whole were growing an average of 4.5% faster than rich countries. That was enough to push their share of gross domestic product (GDP) from just over a third to nearly half.

Throw those numbers into a spreadsheet, and you??d find that the pace of growth was enough for the average income per person to converge to U.S. levels in a scant 30 years — a blink of an historical eye.

??Convergence? with the rich world was inevitable.

Read more about the rise and fall of emerging markets at Eagle Daily Investor.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Nicolas A. Vardy is the London-based International Economics Correspondent for Human Events.

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