“The End & Beginning” is an original series of webcasts exploring the big shifts happening in the world. Read more about it and see an episode overview here >>

For decades growth-hungry investors hunted for the next hot emerging market. But not only is the pandemic wreaking havoc in places like Brazil, India, Indonesia, and South Africa, it could now bring an end to the very idea of "emerging markets" themselves, argues James Crabtree. In the years after COVID-19 almost no country can expect to grow as quickly as countries like China once did, while global poverty rates are likely to go up, rather than down — further fuelling an existing global shift towards illiberal populism and nationalism. 

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James Crabtree is a Singapore-based author and journalist, and an Associate Professor of Practice at the Lee Kuan Yew School of Public Policy. James is a columnist for Nikkei Asian Review and a non-resident fellow at the Asia-Pacific programme at Chatham House. Between 2011 and 2016, James was Mumbai bureau chief for the Financial Times leading coverage of Indian business. Before working as a journalist, James was a senior policy advisor in the UK Prime Minister’s Strategy Unit under Prime Ministers Tony Blair and Gordon Brown.