Financial Development in Emerging Markets

by Mohamed A. El-Erian

First published 1998

Mohamed works as a financial analyst in the volatile emerging markets of the late 1990s. He watches currencies collapse overnight and witnesses how political upheaval can destroy decades of economic progress in developing nations. Mohamed must balance the demands of international investors seeking high returns with the reality of fragile economies struggling to modernize their financial systems. As he moves between boardrooms in Cairo, São Paulo, and Bangkok, Mohamed confronts the human cost of capital flight and the difficult choices facing countries trying to integrate into the global economy. The story explores the tension between financial opportunity and economic stability in a world where markets can turn against entire nations within hours. At its heart, this is a story about the weight of responsibility when other people's futures depend on your decisions.

Genres: business, economics, non-fiction, finance

Vibes: intimate, suspenseful, thought-provoking

Tropes: fish-out-of-water

Setting: Cairo, Sao Paulo, Bangkok

Period: 1990s

253 pages · Hardcover · Intl Center for Economic Growth

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