Intra-emerging markets trade and investment amid new globalisation
Invesco teamed up with Economist Impact to investigate the evolving role of emerging markets in the global economy.
About the briefing paper
Over the past three decades, emerging markets—a set of countries that are not too rich, not too poor and largely open to trade and investment—have harnessed free-market globalisation to achieve remarkable economic growth. This is evident from their real GDP, which has soared from US$7.41trn in 1980 to US$47.95trn in 2023. Their trade patterns have also evolved, with trade between and among emerging and developing economies now comprising over 45% of their total trade, up from 25% in 1990.1
‘From emerging to surging: Intra-emerging markets trade and investment amid new globalisation’ is an Economist Impact briefing paper, sponsored by Invesco, that investigates the evolving role of emerging markets in the global economy. Amid the new era of globalisation—marked by geopolitical tensions, protectionist policies and the looming threats of climate change—these countries are in a strong position to capitalise on their bolstered trading capacity. Indeed, emerging markets can strengthen economic ties between themselves and better integrate with their regions, to not only continue their growth trajectories, but also enhance their resilience and, ultimately, gain a weightier role in the global economy.
In addition to desk research and data analysis, a series of expert interviews were conducted to complement the analysis in the briefing paper.
To learn more, download the briefing paper.
This report was researched and written in June 2024.
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Footnotes
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1
For the purposes of this report, Economist Impact defines “emerging markets” as a set of countries that are not too rich, not too poor and largely open to trade and investment. “Developing economies” is defined as a group characterised by comparatively slower growth trajectories and lower participation in global trade and investment. The report focuses on emerging markets but includes some analysis of the broader category of emerging markets and developing countries together, acknowledging that many emerging markets were considered developing economies not too long ago. The report adopts the Economist Intelligence Unit's (EIU) classification of countries to differentiate between emerging markets and developing economies.
