Most emerging economies are still fragile and affected by what goes on in the advanced countries.

Emerging market countries face an additional problem.

The G 20 s emerging economies were not impressed.

The large, high growth emerging economies have certain advantages.

Recent events have disproved the notion that emerging nations had decoupled themselves from the advanced economies.

So it turns out that in emerging markets, where the fish are, are the emerging middle class of these countries diseases of affluence heart disease, infertility.

It may be too late to avoid a recession in the advanced countries and a slowdown in emerging and low income countries.

In either case, it is an agenda favored by developed or rapidly emerging countries, which poorer economies cannot afford.

But this would ignore a fundamental asymmetry between advanced and emerging countries.

Finally, we must express our solidarity for emerging and poor countries.

China, the biggest of the emerging economies, clearly understands this.

Welcome actions being taken by affected country Parties to enhance the implementation of the obligations of the Convention

Fortunately, several emerging economies continue to have cushions and shock absorbers.

In fact, wealthy elites in emerging countries live in a state of denial towards their poor, literally ignoring them.

In this twenty first century, emerging countries like Chile must invest in the pillars of modern society.

And sensible people in many emerging country capitals are wondering whether we have crossed that line.

The US, the EU, and Japan are in favor, while emerging countries, as well as Canada and Australia, are opposed.

In the 1990 s, emerging and developing economies were still dependent on G 7 growth.

In these countries, too, screening mechanisms have been strengthened, and China and Russia, as well as some other emerging markets, are following suit.

If rich country central banks can buy long term bonds, then emerging country central banks can buy dollar denominated bonds.

It came out that way because, for most of the period, the advanced countries benefited from market driven innovation, while the emerging economies imported knowledge, exported goods and services, and had limited systemic impact on advanced economies.

Emerging economies once again spoke nearly in unison. They told the US not to boost the money supply artificially, as this would create the risk of yet another financial bubble, this time in the emerging economies and in commodity markets.

Only the rich industrial nations of Europe, America, and Japan can afford to pay for the necessary investments in emerging countries.

As a result, sovereign risk today is a greater problem in advanced economies than in most emerging market economies.

As more poor countries join the club of emerging economies, and many subsidized renewable energy projects fail in the developed and emerging economies, demand for oil will continue to grow.

The objective of zero tariffs for all goods originating in LDCs remained elusive.

Almost all major crises in emerging markets have been connected with shifts in exchange rates and monetary policy in advanced countries.

Emerging markets and other developing countries will need oxygen in the form of credit lines and trade financing.

This dollar invasion is making macroeconomic management in emerging countries even more challenging than usual.

But continued high growth in emerging markets depends on avoiding a second major downturn in the advanced economies, which continue to absorb a large (though declining) share of their exports.

The relative price of the goods produced in the advanced countries (their real exchange rate) needs to depreciate vis à vis the emerging countries in order to compensate for the expected shortfall in internal demand.

And, with the espionage apparently directed mostly at representatives of emerging economies, the gulf between the advanced countries and those on the rise has widened further.

Now, both dynamics are being reversed, generating new risks for the global economy particularly for emerging countries.

Why couldn t the Fund do the same thing for central banks from developing countries and emerging economies?

After recent events in Tunisia, Egypt, and Libya, Wall Street analysts are waxing somewhat less optimistically about political stability in emerging countries.

Bernanke dismissed complaints about commodity prices and emerging market inflation, arguing that these phenomena had far more to do with lax monetary policies and overly rigid exchange rates in fast growing developing economies.

Strong global demand, owing to emerging economies like China, has undoubtedly fueled some of the price increase.

That adds up to close to 4 annual growth for the global economy, with advanced economies growing at around 2 and emerging market countries growing at about 6 .

They threaten a major protectionist backlash in the United States and Europe and they undermine the recovery in developing and emerging markets.

In these circumstances, currency traders suffer. But citizens of indebted middle income countries are likely to suffer far more.

This is particularly true of emerging countries that, like Turkey, have been running large current account deficits.

Indeed, the IMF expects that emerging and developing economies will grow by 6 in 2010 and 6.3 in 2011.

Underlining the urgent need to mitigate the negative consequences of globalization and interdependence for all developing countries, including landlocked developing countries, small island developing States and, in particular, African countries and the least developed countries,

Third, advanced and emerging economies that are running chronic surpluses must get rid of them.

In two crucial areas, macroeconomics and global economic development, the emerging economies view prevailed.