As always, my views are entirely my own and do not necessarily reflect those of the Bank of Mexico or its Governing Board. Developments and the outlook for emerging economies Two distinctive trends characterize developments in emerging economies during the last few years. The first is higher growth since the beginning of this century, relative to the previous decade.
Economic expansion has surpassed that of developed nations substantially, with China and India playing prominent roles. What forces have driven this phenomenon? Although emerging economies are not all alike, as a group they seem to have benefited from generally sound policies implemented in the 1980s and 1990s.