Professor Robert E. Looney is a Distinguished Professor at the Naval Postgraduate School, Monterey, California, who specializes in issues relating to economic development in the Middle East, East Asia, South Asia and Latin America. He has published 22 books and more than 250 articles in professional journals. As an international consultant, Dr Looney has provided advice and assistance to various governments and international organizations.

‘This volume will become the indispensable reference on emerging markets.’ – Moisés Naἰm, author of End of Power: From Boardrooms to Battlefields and Churches to States, why being in charge is no longer what it used to be. ‘This is another jewel in the editor’s and the publisher’s literary crowns.’ – Jahangir Amuzegar, former minister of Commerce and Minister of Finance, Iran, and a former executive director of the International Monetary Fund. ‘One-stop shopping for policy experts and international business professionals, not to mention the merely curious.’ – Peter Passell, former economics columnist for the New York Times and editor of the Milken Institute Review.‘The BRIC economies are the first big story of the 21st century. Here Robert Looney has assembled the essential handbook, and a remarkable collection of authors, to tell their tale.’ – Barry Eichengreen, Professor of Economics and Political Science, University of California, Berkeley, and former senior policy adviser at the International Monetary Fund.‘This volume is destined to become an instant classic … a dream team of contributors.’ – Hossein Askari, Iran Professor of International Business and International Affairs, George Washington University. 'A valuable contribution.' - Dwight H. Perkins, Harold Hitchings Burbank Professor of Political Economy, Emeritus, Harvard University.

• Foreword Part 1: Introduction-Overview 1.1. Introduction 1.2. Key Trends in the World Economy Part 2: The BRICSs 2.1. Brazil 2.2. Russia 2.3. India 2.4. China 2.5 South Africa Part 3: Key Lessons: The Transition to Emerging Status 3.1. Modern Stage Theories and their Relevance for Emerging Economies 3.2. Beijing Consensus versus Washington Consensus Part 4: Diverse Success Stories 4.1. Israel 4.2. Singapore's Success: After the Miracle 4.3. The Original Sin in Chile's Successful History of Development Part 5: Likely Success Stories 5.1. Turkey 5.2. Indonesia's Ways to Sustainable Economic Growth and Development 5.3. Mexico: Emerging Economy Kept on a Leash by Mismatched Monopolies 5.4. Middle Income Trap of Malaysian Economy: A Political Economy Analysis Part 6: Possible Candidates: The Difficult Road Ahead 6.1. Argentina's Present and its Intriguing Economic History 6.2. Vietnam 6.3. The Philippines: Road to Begin an Emerging Economy 6.5. Pakistan: An Economy in Extreme Distress that could be Revived 6.6. Egypt: Too `Big' to Succeed? 6.7. Thailand: Economic Progress and the Move to Populism 6.9. Iran at a Crossroad 6.10. Colombia: Seeking Prosperity through Peace 6.11. The Saudi Arabian Model Part 7: Assessing the Future 7.1. The Emerging Powers and Global Governance: Why the BRICS Matter 7.2. Challenges of Managing Emerging Economies 7.3. Korea: An Unexpected Journey from Rags to Riches, from Crisis to Recovery 7.4. China and India, 2025: A Macroeconomic Assessment