Emerging countries and China new economic model

Conférence donnée par Jean-Joseph Boillot dans le cadre du Workshop
Emerging countries's economic and financial vulnerabilities : 10 years after the subprime crisis
organisé à Bordeaux le 8 décembre 2017

Over thelast decade, research programs about the economic achievements of emerging countrieshave highlighted the growing impact of these countries in global exchanges, in particularthose belonging to the BRICS. Indeed, the latter are not only industrial and commercialgiants but also major actors in the energy sector in such a way that the world balancesare disturbed. Yet, further to the Subprime crisis and the world demanddecline, the vulnerabilitiesof emerging countries to external shocks have increased, notably to the US monetarypolicy. These long term vulnerabilities emphasize the limits of theoutward-oriented developmentstrategies and, due to economic and financial interdependences, leading tofears of a globalcrisis. Thus, emerging countries are standing at a crossroads: their problemsof growth (China), of inflation(Brazil, India), their financial (China), demographic (China) and socialconcerns (China,Brazil), and also the political instability of some of them (Brazil, Egypt, Tunisia)… arechallenges they have to overcome to transform their economy. This workshop hadthe ambition toquestion the vulnerabilities of these countries under their commercial,monetary andfinancial aspects.