Development Challenge: Emerging Markets

For over a decade a number of emerging markets have exhibited rigorous fiscal and monetary discipline and have substantially developed their capital markets. Also, many have benefited from significant commodity price increases, which in part have helped some countries boost their foreign exchange reserves. Unfortunately, emerging markets have been significantly impacted by the current crisis. Unlike the 1997 and 1998 crises, however, this crisis started in developed markets.

Many emerging market leaders are feeling that years of improved fiscal discipline and sacrifice have been set back due to problems in the US and Europe. Emerging markets’ calls for help from multilateral entities, such as the World Bank and IMF, or from developed countries have been met with varying degrees of success.

08-Nov-2012 -- 08-Nov-2012New YorkUSD$1575
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Mayra Rodríguez Valladares; ] Thu Level: Basic

CPE CREDITS
7.0
No advance preparation required.
Students will be able to:
  • Analyze recent leadership developments in emerging markets
  • Debate the type of leadership that has been exhibited by developed countries vis-a-vis emerging ones
  • Compare and contrast the effect of the crisis on different key emerging markets
Module I - Emerging Markets and the Crisis
  • Evaluate strides that countries have made in their production and importation of goods and services
  • Compare and contrast the influence of natural resources and their volatile prices in the last few years of emerging economies
  • Debate the role of infrastructure development in developing countries
  • Identify key macroeconomic indicators that show impact of crisis on emerging markets
  • Evaluate emerging markets' leaders response to the crisis
  • Analyze multilateral entities response to emerging markets requests for assistance

Module II - Eastern Europe and Russia

  • Evaluate causes of emerging Europe's and Russia's economic weakness
  • - Why did governments in Latvia, Hengary and the Czech Republic fall?
  • Compare and contrast how natural resources have influenced different countries in this region
  • Analyze how different leaders have reacted to the crisis
  • Debate whether leadership exists in western and central Europe to assist emerging Europe

Module III - Latin America

  • Compare and contrast how natural resources have influenced different countries in this region
  • Compare and contrast how the crisis has affected major Latin American economies
  • - Mexico, Argentina, Brazil, Chile and Venezuela
  • Evaluate multilaterals and the US' involvement with Latin America since the crisis

Module IV - Africa

  • Compare and contrast how natural resources have influenced different countries in this region
  • Identify key African economies most directly affected by the crisis
  • Debate what African leaders are best poised to help combat the crisis' influence in Africa

Module V - Southeast Asia

  • Evaluate key Southeast Asian countries' reaction to the crisis
  • Analyze threats to Thailand's leadership
  • Identify China's expanding leadership influence in the region

Clients who register for this course will receive a complimentary 4-month subscription to FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. The move to the electronic version follows an ongoing review of our environmental responsibilities as a global business and as part of the Pearson group. FT.com also has features that are not available in hard copy, such as: Special Reports, Alphaville, editor blogs, education sections and much more! Subscriptions will start within 6-8 weeks of the start of class and are limited to one subscription per client. (Please note: as of May 1, 2011, the electronic subscription replaces the hard-copy 3-month Financial Times subscription.)

Lunch is included for all students taking day classes.