Policy Challenges for Emerging and Developing Economies : Lessons from the Past Decade
The 2009 global recession demonstrated, once again, the importance of crisis prevention as well as the critical need for preserving policy room so that emerging market and developing economies (EMDEs) can act when their economies are hit by shocks....
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/249291584025972023/Policy-Challenges-for-Emerging-and-Developing-Economies-Lessons-from-the-Past-Decade http://hdl.handle.net/10986/33440 |
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okr-10986-334402022-09-20T00:13:02Z Policy Challenges for Emerging and Developing Economies : Lessons from the Past Decade Ruch, Franz Ulrich MACROECONOMIC POLICY FISCAL POLICY MONETARY POLICY STRUCTURAL REFORM POTENTIAL GROWTH ECONOMIC GROWTH GOVERNANCE EMERGING MARKET ECONOMIES BUSINESS ENVIRONMENT INVESTMENT CLIMATE The 2009 global recession demonstrated, once again, the importance of crisis prevention as well as the critical need for preserving policy room so that emerging market and developing economies (EMDEs) can act when their economies are hit by shocks. And now, with the global growth outlook still weak and vulnerabilities rising, these lessons underscore the need for comprehensive policies to improve EMDEs' resilience to shocks and lift long-term growth prospects. On the macroeconomic front, priorities include shoring up fiscal positions, keeping adequate foreign reserves, and strengthening policy frameworks. Financial sector policies to adapt to a changing global financial environment include strengthening home-host supervisor coordination and establishing prudential authorities with the appropriate tools and mandates to mitigate systemic risks. Structural policy priorities include investment in human capital and infrastructure to offset the decline in potential growth that is expected to continue over the next decade. Renewed reform momentum is needed to create the environment that generates private sector-led, productivity-driven growth supported by measures to improve governance and business climates. 2020-03-19T14:46:09Z 2020-03-19T14:46:09Z 2020-03 Working Paper http://documents.worldbank.org/curated/en/249291584025972023/Policy-Challenges-for-Emerging-and-Developing-Economies-Lessons-from-the-Past-Decade http://hdl.handle.net/10986/33440 English Policy Research Working Paper;No. 9180 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
MACROECONOMIC POLICY FISCAL POLICY MONETARY POLICY STRUCTURAL REFORM POTENTIAL GROWTH ECONOMIC GROWTH GOVERNANCE EMERGING MARKET ECONOMIES BUSINESS ENVIRONMENT INVESTMENT CLIMATE |
| spellingShingle |
MACROECONOMIC POLICY FISCAL POLICY MONETARY POLICY STRUCTURAL REFORM POTENTIAL GROWTH ECONOMIC GROWTH GOVERNANCE EMERGING MARKET ECONOMIES BUSINESS ENVIRONMENT INVESTMENT CLIMATE Ruch, Franz Ulrich Policy Challenges for Emerging and Developing Economies : Lessons from the Past Decade |
| relation |
Policy Research Working Paper;No. 9180 |
| description |
The 2009 global recession demonstrated,
once again, the importance of crisis prevention as well as
the critical need for preserving policy room so that
emerging market and developing economies (EMDEs) can act
when their economies are hit by shocks. And now, with the
global growth outlook still weak and vulnerabilities rising,
these lessons underscore the need for comprehensive policies
to improve EMDEs' resilience to shocks and lift
long-term growth prospects. On the macroeconomic front,
priorities include shoring up fiscal positions, keeping
adequate foreign reserves, and strengthening policy
frameworks. Financial sector policies to adapt to a changing
global financial environment include strengthening home-host
supervisor coordination and establishing prudential
authorities with the appropriate tools and mandates to
mitigate systemic risks. Structural policy priorities
include investment in human capital and infrastructure to
offset the decline in potential growth that is expected to
continue over the next decade. Renewed reform momentum is
needed to create the environment that generates private
sector-led, productivity-driven growth supported by measures
to improve governance and business climates. |
| format |
Working Paper |
| author |
Ruch, Franz Ulrich |
| author_facet |
Ruch, Franz Ulrich |
| author_sort |
Ruch, Franz Ulrich |
| title |
Policy Challenges for Emerging and Developing Economies : Lessons from the Past Decade |
| title_short |
Policy Challenges for Emerging and Developing Economies : Lessons from the Past Decade |
| title_full |
Policy Challenges for Emerging and Developing Economies : Lessons from the Past Decade |
| title_fullStr |
Policy Challenges for Emerging and Developing Economies : Lessons from the Past Decade |
| title_full_unstemmed |
Policy Challenges for Emerging and Developing Economies : Lessons from the Past Decade |
| title_sort |
policy challenges for emerging and developing economies : lessons from the past decade |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/249291584025972023/Policy-Challenges-for-Emerging-and-Developing-Economies-Lessons-from-the-Past-Decade http://hdl.handle.net/10986/33440 |
| _version_ |
1764478768493101056 |