The Economics of Emerging Markets: Asia and Eastern Europe





Bruno S. Sergi, Ph.D. - Davis Center for Russian and Eurasian Studies, Harvard University

This course covers, with a focus on both theory and empirics, the promises and realities of the emerging economies in Asia and Eastern Europe. Some of the most appealing economic growth stories have occurred in these regions since the end of World War II. The potential of booming markets, fast-developing local consumer markets, abundant low-cost labor, and the rising middle class have been the major characteristics of many emerging markets, attracting attention from investors, entrepreneurs, and opportunity seekers around the world. However, upon closer examination, we find the landscape is fraught with an ongoing deceleration across the world's major emerging markets and embedded with complex economic and financial systemic risks. This course explores the realities of the emerging markets' finance, banking, trade, information technology, and green technologies, and the causal factors and limits of recent economic policy strategies in the major emerging markets like China, India, all of South East Asia, and the post-Soviet regions.