Dr Malhar Nabar from IMF is presenting seminar on “ROADS LESS TRAVELED: EMERGING MARKET AND DEVELOPING ECONOMY GROWTH IN A COMPLICATED EXTERNAL ENVIRONMENT” on 13th April, 2017 in Seanza Hall at 4 p.m.
Emerging market and developing economies have become increasingly important in the global economy in recent years. They now account for more than 75 percent of global growth in output and consumption, almost double the share of just two decades ago. The external environment has been crucial for this transformation. Terms of trade, external demand, and, in particular, external financial conditions are increasingly influential determinants of medium-term growth in these economies as they become more integrated into the global economy. With the global economy in the midst of potentially persistent structural shifts, emerging market and developing economies may face a less supportive external environment going forward than they experienced for long-stretches of the post-2000 period. Nevertheless, these economies can still get the most out of a weaker growth impulse from external conditions by strengthening their institutional framework, protecting trade integration, permitting exchange rate flexibility, and containing vulnerabilities arising from high current account deficits and external borrowing, as well as large public debt
Presenter: Malhar Nabar is a Deputy Division Chief in the World Economic Studies Division of the Research Department at the IMF. Previously he worked in the Asia Pacific Department, where he covered China and Japan and was mission chief to Hong Kong SAR. Mr. Nabar’s research interests are in financial development, investment, and productivity growth. He holds a Ph.D. from Brown University.