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Economic Research

'Chindia': Putting the Emerging Market Giants Into Perspective

EXECUTIVE SUMMARY

Everyone agrees: Emerging markets (EMs) are the new, new thing. But assessing the new global economic dynamics and growth dynamos requires specificity and incisiveness, not blind fervor that an Asian Century beckons as the West enters potentially terminal economic and geopolitical decline. The big EMs, especially “Chindia” among the BRICs and a few others—Indonesia and Turkey, for instance—are the focal points. As fault lines in China’s export-led growth model emerge, bigger bets are being placed on India’s enormous potential. But in truth, the BRICs’[...]

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