Using an innovative analytical approach and rich empirics, the book delves into topics ranging from macroeconomics to human development, institutions to climate change. It provides a strategic roadmap of reform for these economies to escape the middle-income trap. It argues that in a world where advanced economies are defined by slowdown, growing trade blocs, changing demographics, and the rise of renewable technologies, emerging markets will continue to play a significant but complex role in the twenty-first century.
Ali Zafar is a macroeconomist with more than 20 years experience advising governments in sub-Saharan Africa, South Asia, and the Middle East. He is the author of The CFA Franc Zone: Economic Development and the Post-Covid Recovery (2021). He is head of the UNDP Development Policy Research Hub and Economic Advisor in Ethiopia.
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