New strategies for reviving growth in emerging markets will have to be indigenous, rather than coming from Western institutions. But where will such strategies come from, and who will provide the intellectual leadership?
CAMBRIDGE – We have suddenly arrived at a tricky stage in global economic development. Emerging markets are losing their dynamism, after a remarkable three-decade-long run during which they caught up rapidly with advanced economies. Moreover, rekindling this vigor requires a new economic strategy. But where will such a model come from, and who will provide the intellectual leadership?
CAMBRIDGE – We have suddenly arrived at a tricky stage in global economic development. Emerging markets are losing their dynamism, after a remarkable three-decade-long run during which they caught up rapidly with advanced economies. Moreover, rekindling this vigor requires a new economic strategy. But where will such a model come from, and who will provide the intellectual leadership?