-Emerging economies are caught in a dilemma - on one hand, they have been growing     fast     thanks     to     economic     globalization     and interdependence; on the other, they are both economically and financially dependent on developed economies, which significantly compromises their independence in economic development and decision-making. Resolving this dilemma calls for new wisdom on the part of policy makers from emerging economies to identify their own paths that appropriately balance such dependence and independence.

-How can commodity export-driven economies, such as Brazil and Russia, be freed from the constraints of global commodity cycles?

-Tightening in global financial conditions and the unorderly cross-border flows of capital have created a considerable impact on the financial stability of emerging markets. Will the cycle of “when the US and EU brake, emerging markets will fall over” intensify on the prospect of continued monetary tightening in advanced economies?