Emerging Market and Developing Economies

There are many challenges facing developing and developed economies. With rising rates, recession risks, and repositioning of global supply chains, leaders of emerging market countries are wise to be asking questions about the viability of their current growth strategies as sources of future prosperity. Using a practical, fact-driven approach, the Emerging Market & Developing Economies research program at the Hoover Institution will jointly convene high-level decision makers (private sector as well as public) and researchers to diagnose problems and discuss feasible solutions to important aspects of the biggest challenges to inclusive and sustained high growth in EMDES.

With so much at stake—EMDEs now account for half of global GDP and more than two-thirds of global growth—the world needs a credible convener that can stimulate research and discussion on developing country policy issues, leading to practical solutions that will consolidate and extend the gains in freedom and standards of living that these countries have made over the last two and a half decades. The Hoover Institution, with its commitment to harnessing markets and democracy for the sake of human thriving, is well-positioned to play this role, and the research program on Emerging Markets and Developing Economies is the right vehicle to enable Hoover to do this. The program’s approach to the challenges facing EMDES is centered around a unifying principle. In place of grand statements, if policy proposals for EMDEs are to be useful, they must focus on practical solutions that follow from fact-driven research rooted in rigorous, internally consistent, empirically relevant intellectual frameworks. 

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