Over the past two decades, the G20 emerging markets —Argentina, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa, and Türkiye—have played increasingly pivotal roles in the global economy. These markets have not only grown faster than advanced economies, but they have also doubled their share in world GDP since 2000, making them integral components of global economic dynamics.
Domestic shocks driving global changes Increasingly, G20 EMs are not just recipients but also originators of global economic trends and shocks, due to their larger economic scale and deeper integration, which allows domestic events in these countries to have far-reaching effects, including on advanced economies.
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