Emerging Economies During and After the Great Recession

The International Papers in Political Economy (IPPE) series explores the latest developments in political economy. This twelfth volume presents a collection of eight papers, analysing the emergence and economic problems of the emerging economies during and after the international financial crisis of 2007/2008 and the subsequent great recession.

The contributions range from an analysis of the international financial crisis of 2007/2008 in general terms to an analysis of the same but concentrating on the emerging economies, before concentrating on groups of economies, Arab, African and Eastern European Countries, and two relevant but individual countries, namely China and Turkey.

This book offers detailed analysis and informed commentary on the origins of the international financial crisis of 2007/2008 and the great recession by focusing on emerging countries. It is essential reading for students, scholars, researchers and policy-makers interested in international financial crisis of 2007/2008 and the great recession as it affected emerging countries.

Philip Arestis is Professor and Director of Research, Cambridge Centre for Economics and Public Policy, Department of Land Economy, University of Cambridge, UK, and Professor at the Department of Applied Economics, University of the Basque Country, Spain. He is also Distinguished Adjunct Professor of Economics, University of Utah, USA; Research Associate, Levy Economics Institute, New York, USA; Visiting Professor, University of Leeds, UK and Professorial Research Associate School of Oriental and African Studies (SOAS), University of London, UK. He also served (2005–13) as Chief Academic (External) Adviser to the UK Government Economic Service (GES) on Professional Development in Economics. He is holder of the 'Queen Victoria Eugenia' award of the British Hispanic Chair of Doctoral Studies, and was awarded 'homage' by the Brazilian Keynesian Association (AKB) for his contribution to the spread of Keynesianism in Brazil. Holder of the FAcSS (Fellow of the Academy of Social Sciences) award of the Academy of Social Sciences for contributions to Social Sciences. He has published as sole author or editor, as well as co-author and co-editor, a number of books and papers in academic journals.

Malcolm Sawyer is Emeritus Professor of Economics, Leeds University Business School, University of Leeds, UK, He is the principal investigator for the five year 15-partner project Financialisation, Economy, Society and Sustainable Development (www.fe-sed.eu) funded by the European Commission Framework Programme 7 (contract number : 266800). He is Managing Editor of theInternational Review of Applied Economics, on the editorial board of a range of journals and editor of the series New Directions in Modern Economics. He has published widely in the areas of post- Keynesian and Kaleckian economics, financialisation, fiscal policy, money, industrial economics and on UK and European economies.