- January 2012: Vol. 24, Number 1

To read this full article you need to be subscribed to Institutional Real Estate Americas

Economic Restructuring: How Will Economic Restructuring in Developed Countries Affect Inflation in Emerging Markets?

by Ivy Ng

The debt crisis is part of a long-term economic restructuring in the developed markets. The likely policy response, given the dominant thinking in both academic and policy circles, is inflationary in the long term. The end result will be a one-time but prolonged inflationary impact that is likely to support real estate pricing in emerging markets for years to come.

The central thesis put forward in Economic Observer, the Chinese book that I co-wrote with Arthur Shek, is that the current debt crisis is part of a long-term economic restructuring in the advanced economies as they face various issues –– an expansion of entitlement programs, a growing balance of government debt and the increasingly significant effects of an aging society. The issue of the aging population has dragged down Japan, and it is also a pressing question that the United States is facing.


According to the

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy