The global economy is constantly evolving as countries adapt to technological advancements, demographic shifts, changing trade relationships, and financial developments. While developed economies have traditionally dominated international commerce and investment, emerging markets have become increasingly influential over the past several decades. Discussions involving Kavan Choksi often highlight how these economies now play a vital role in global growth, trade, manufacturing, and investment activity. Understanding The Role of Emerging Markets in the Global Economy During Periods of Economic Change helps explain why investors, businesses, and policymakers pay close attention to developments in these regions.

Emerging markets generally refer to countries experiencing rapid economic growth and industrialisation while continuing to develop their financial systems, infrastructure, and institutions. These economies often demonstrate higher growth rates than more mature markets, although they may also face unique challenges related to governance, economic stability, and development.

Examples of emerging markets can be found across Asia, Latin …