--- title: "Meaning & Key Takeaway of: Business cycles in emerging markets…" description: "\"Business cycles in emerging markets behave differently from developed markets.\" — Gita Gopinath" image: "https://sms4smile.com/quotes/i/c3a/gita-gopinath-14569_behave_business-cycles-in-emerging-markets-beha_1688510.jpg" --- # Business cycles in emerging markets behave differently… ![“Business cycles in emerging markets behave differently from developed markets.” quote by Gita Gopinath](https://sms4smile.com/quotes/i/c3a/gita-gopinath-14569_behave_business-cycles-in-emerging-markets-beha_1688510.jpg) [Download](https://sms4smile.com/quotes/i/c3a/gita-gopinath-14569_behave_business-cycles-in-emerging-markets-beha_1688510.jpg) [Open image](https://sms4smile.com/quotes/i/c3a/gita-gopinath-14569_behave_business-cycles-in-emerging-markets-beha_1688510.jpg) > “Business cycles in emerging markets behave differently from developed markets.” [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Emerging markets experience business cycles that differ from those in developed economies due to structural and institutional factors. **In simple terms:** Emerging markets have distinct economic cycles. Key Takeaway Consider local conditions when analyzing markets. Themes economics development market dynamics Mood analytical pragmatic Type economic policy When to use this quote - investment decisions - policy formulation - risk assessment Key Concepts structural differences institutional factors volatility Questions to Reflect On - What drives these differences? - How should investors adjust strategies? A Different Perspective It may ignore convergence trends over time. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Cycles](https://sms4smile.com/quotes/about/cycles/) [Emerging markets](https://sms4smile.com/quotes/about/emerging-markets/) [Investing](https://sms4smile.com/quotes/about/investing/) ## Related quotes > [Consumers in both emerging and developed markets want it all - high-performing products, the right price, and a purpose that they can connect with.](https://sms4smile.com/quotes/paul-polman/consumers-in-both-emerging-and-developed-markets-want-it-all-high/) [Paul Polman](https://sms4smile.com/quotes/author/paul-polman/) > [There's a very good reason for why economics developed the way it did, and that is that in many situations, the assumption that people…](https://sms4smile.com/quotes/daniel-kahneman/there-s-a-very-good-reason-for-why-economics-developed-the-way-it-did/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [Every now and then, markets behave like schoolchildren. They overreact, they run around like crazy.](https://sms4smile.com/quotes/james-p-gorman/every-now-and-then-markets-behave-like-schoolchildren-they-overreact/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [There's been a dichotomy in the world financial markets over the last 30 years between the developed markets and the developing markets. Brazil, for…](https://sms4smile.com/quotes/porter-stansberry/there-s-been-a-dichotomy-in-the-world-financial-markets-over-the-last/) [Porter Stansberry](https://sms4smile.com/quotes/author/porter-stansberry/) > [I'm still very bullish on emerging markets. There's an emerging middle class. They're a growing group of customers. And frankly, they want Walmart. They…](https://sms4smile.com/quotes/mike-duke/i-m-still-very-bullish-on-emerging-markets-there-s-an-emerging-middle/) [Mike Duke](https://sms4smile.com/quotes/author/mike-duke/) > [If you look at the economics of Nokia, roughly half of the company, half of the business, half of how we think about the…](https://sms4smile.com/quotes/stephen-elop/if-you-look-at-the-economics-of-nokia-roughly-half-of-the-company/) [Stephen Elop](https://sms4smile.com/quotes/author/stephen-elop/) > [The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third…](https://sms4smile.com/quotes/wilbur-ross/the-typical-big-japanese-company-has-somewhere-between-a-third-and-40/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [So much of what happened to India late last year and early into 2011 is the same story we've seen with other big emerging…](https://sms4smile.com/quotes/jerry-a-webman/so-much-of-what-happened-to-india-late-last-year-and-early-into-2011/) [Jerry A. Webman](https://sms4smile.com/quotes/author/jerry-a-webman/) > [To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact, be better…](https://sms4smile.com/quotes/warren-buffett/to-invest-successfully-you-need-not-understand-beta-efficient-markets/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I'm confident UTC could outperform in all of our markets, starting with our commercial businesses. The largest opportunities for our commercial businesses are in…](https://sms4smile.com/quotes/louis-r-chenevert/i-m-confident-utc-could-outperform-in-all-of-our-markets-starting/) [Louis R. Chenevert](https://sms4smile.com/quotes/author/louis-r-chenevert/) > [We all have to think about the emerging markets.](https://sms4smile.com/quotes/peggy-johnson/we-all-have-to-think-about-the-emerging-markets/) [Peggy Johnson](https://sms4smile.com/quotes/author/peggy-johnson/) > [I believe investors should invest for the long run, so I don't buy and sell. I usually maintain the classic index of global equities,…](https://sms4smile.com/quotes/nouriel-roubini/i-believe-investors-should-invest-for-the-long-run-so-i-don-t-buy-and/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [Diversify. But carve out 10 to 20 percent for the most unloved part of the market: emerging markets value.](https://sms4smile.com/quotes/robert-d-arnott/diversify-but-carve-out-10-to-20-percent-for-the-most-unloved-part-of/) [Robert D. Arnott](https://sms4smile.com/quotes/author/robert-d-arnott/) > [There was a perception that the emerging-market problems aren't over and concern that may Brazil devalue.](https://sms4smile.com/quotes/john-towner-williams/there-was-a-perception-that-the-emerging-market-problems-aren-t-over/) [John Towner Williams](https://sms4smile.com/quotes/author/john-towner-williams/) > [When you consider the sheer magnitude of investable equities to choose from in the world's emerging markets, you realize that finding one that looks…](https://sms4smile.com/quotes/mark-mobius/when-you-consider-the-sheer-magnitude-of-investable-equities-to/) [Mark Mobius](https://sms4smile.com/quotes/author/mark-mobius/) ## More by Gita Gopinath > [Unfortunately, governments do not have a philanthropic approach towards future governments.](https://sms4smile.com/quotes/gita-gopinath/unfortunately-governments-do-not-have-a-philanthropic-approach/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [Having a proper understanding of countries' external positions - current accounts, stock positions, and currencies - is critical to highlight policymakers' shared responsibility to…](https://sms4smile.com/quotes/gita-gopinath/having-a-proper-understanding-of-countries-external-positions-current/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [Being born into a Malayali family that followed a matriarchal system, I always felt loved and had a high sense of self-worth.](https://sms4smile.com/quotes/gita-gopinath/being-born-into-a-malayali-family-that-followed-a-matriarchal-system/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [Skilling is one area where some researchers are looking at outcomes and finding that while there are lots of people who are joining and…](https://sms4smile.com/quotes/gita-gopinath/skilling-is-one-area-where-some-researchers-are-looking-at-outcomes/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [Fiscal policy is a very important part of the tool kit for policy makers.](https://sms4smile.com/quotes/gita-gopinath/fiscal-policy-is-a-very-important-part-of-the-tool-kit-for-policy/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [If you waive loans, it will encourage everyone to opt for more as they think they can get away with it in future.](https://sms4smile.com/quotes/gita-gopinath/if-you-waive-loans-it-will-encourage-everyone-to-opt-for-more-as-they/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [There are limits to how much countries can spend.](https://sms4smile.com/quotes/gita-gopinath/there-are-limits-to-how-much-countries-can-spend/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [Fiscal policy will need to manage trade-offs between supporting demand, protecting social spending, and ensuring that public debt remains on a sustainable path, with…](https://sms4smile.com/quotes/gita-gopinath/fiscal-policy-will-need-to-manage-trade-offs-between-supporting/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [In reality, while currency movements can have a significant impact on inflation in other countries, dollar movements have rarely had a meaningful or durable…](https://sms4smile.com/quotes/gita-gopinath/in-reality-while-currency-movements-can-have-a-significant-impact-on/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [One of the strengths of the U.S. economy is its ability to most efficiently employ resources both domestically and from around the world and…](https://sms4smile.com/quotes/gita-gopinath/one-of-the-strengths-of-the-u-s-economy-is-its-ability-to-most/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [To help resolve conflicts, the rules-based multilateral trading system should be strengthened and modernized to encompass areas such as digital services, subsidies, and technology…](https://sms4smile.com/quotes/gita-gopinath/to-help-resolve-conflicts-the-rules-based-multilateral-trading-system/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [Rather than waiting for a crisis to erupt before intervening, the IMF should provide 'forward guidance' on how it will tackle potential disruptions in…](https://sms4smile.com/quotes/gita-gopinath/rather-than-waiting-for-a-crisis-to-erupt-before-intervening-the-imf/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [With all the globalisation that has taken place, countries are a lot more interdependent and therefore 'coupled.'](https://sms4smile.com/quotes/gita-gopinath/with-all-the-globalisation-that-has-taken-place-countries-are-a-lot/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [The idea that RBI will be able to make a big transfer to the government was misplaced. It was a very good signalling device…](https://sms4smile.com/quotes/gita-gopinath/the-idea-that-rbi-will-be-able-to-make-a-big-transfer-to-the/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [I think about issues. I use my economic training to devise solutions.](https://sms4smile.com/quotes/gita-gopinath/i-think-about-issues-i-use-my-economic-training-to-devise-solutions/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) [Explore all 46 Gita Gopinath quotes ](https://sms4smile.com/quotes/author/gita-gopinath/) ## More Behave quotes > [If you are well-mannered towards those whose views are similar to yours, you may be said to exhibit a fairly good character. But, if…](https://sms4smile.com/quotes/anonymous/if-you-are-well-mannered-towards-those-whose-views-are-similar-to/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [To behave creatively in art means behavior with skill; and skill comes from discipline, not derangement. The artist who knows the rules -and proportion…](https://sms4smile.com/quotes/burne-hogarth/to-behave-creatively-in-art-means-behavior-with-skill-and-skill-comes/) Burne Hogarth > [You can behave as badly as you like in America. Nobody notices.](https://sms4smile.com/quotes/quentin-crisp/you-can-behave-as-badly-as-you-like-in-america-nobody-notices/) [Quentin Crisp](https://sms4smile.com/quotes/author/quentin-crisp/) > [For war to man, like childbirth to women, is simplifying in its emotions and activities. All the real problems of life can be put…](https://sms4smile.com/quotes/pearl-s-buck/for-war-to-man-like-childbirth-to-women-is-simplifying-in-its/) [Pearl S. Buck](https://sms4smile.com/quotes/author/pearl-s-buck/) > [“Then Olympus it is. But do try to behave. I know it’s hard for you, but… (Delphine) I won’t piss on the floor. (Jericho)…](https://sms4smile.com/quotes/sherrilyn-kenyon/then-olympus-it-is-but-do-try-to-behave-i-know-it-s-hard-for-you-but/) [Sherrilyn Kenyon](https://sms4smile.com/quotes/author/sherrilyn-kenyon/) > [The possibility of saying anything about a thing rests on the assumption that it preserves its identity, or continues to be the same thing…](https://sms4smile.com/quotes/frank-knight/the-possibility-of-saying-anything-about-a-thing-rests-on-the/) [Frank Knight](https://sms4smile.com/quotes/author/frank-knight/) > [Why does man behave like perfect idiot? This is the problem I wish to deal with.](https://sms4smile.com/quotes/albert-szent-gyorgyi/why-does-man-behave-like-perfect-idiot-this-is-the-problem-i-wish-to/) [Albert Szent-Gyorgyi](https://sms4smile.com/quotes/author/albert-szent-gyorgyi/) > [This is a time in my life where I'm gonna behave like an elegant human being. Or not.](https://sms4smile.com/quotes/elaine-stritch/this-is-a-time-in-my-life-where-i-m-gonna-behave-like-an-elegant/) [Elaine Stritch](https://sms4smile.com/quotes/author/elaine-stritch/) > [Most people, even in simple risky situations, don't behave the way the theory of utility would have them behave.](https://sms4smile.com/quotes/howard-raiffa/most-people-even-in-simple-risky-situations-don-t-behave-the-way-the/) [Howard Raiffa](https://sms4smile.com/quotes/author/howard-raiffa/) > [As a club, we have an educational purpose: to give back to those people who love Arsenal so that they learn moral values from…](https://sms4smile.com/quotes/arsene-wenger/as-a-club-we-have-an-educational-purpose-to-give-back-to-those-people/) [Arsene Wenger](https://sms4smile.com/quotes/author/arsene-wenger/) > [What astonishes many of us is not so much that human nature is fundamentally corrupt; we are astonished rather that it does not behave…](https://sms4smile.com/quotes/morton-irving-seiden/what-astonishes-many-of-us-is-not-so-much-that-human-nature-is/) Morton Irving Seiden > [Do we behave out of fear of punishment, or out of the demands of our heart? For me, it is the latter, as I…](https://sms4smile.com/quotes/anonymous/do-we-behave-out-of-fear-of-punishment-or-out-of-the-demands-of-our/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [When you are in hard labor, remember that the length of labor is usually proportional to the number of people around. Avoid the presence…](https://sms4smile.com/quotes/michel-odent/when-you-are-in-hard-labor-remember-that-the-length-of-labor-is/) [Michel Odent](https://sms4smile.com/quotes/author/michel-odent/) > [The superpowers often behave like two heavily armed blind men feeling their way around a room, each believing himself in mortal peril from the…](https://sms4smile.com/quotes/anonymous/the-superpowers-often-behave-like-two-heavily-armed-blind-men-feeling/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [For political and bureaucratic reasons, governments at all levels are telling far less to the public than to insiders about how to prepare for…](https://sms4smile.com/quotes/barton-gellman/for-political-and-bureaucratic-reasons-governments-at-all-levels-are/) [Barton Gellman](https://sms4smile.com/quotes/author/barton-gellman/) Browse all 1,587 Behave quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Business cycles in emerging markets behave differently from developed markets.", "creator": { "@type": "Person", "name": "Gita Gopinath" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/gita-gopinath/business-cycles-in-emerging-markets-behave-differently-from-developed/", "about": { "@type": "Thing", "name": "Behave" }, "@id": "https://sms4smile.com/quotes/gita-gopinath/business-cycles-in-emerging-markets-behave-differently-from-developed/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c3a/gita-gopinath-14569_behave_business-cycles-in-emerging-markets-beha_1688510.jpg", "contentUrl": "https://sms4smile.com/quotes/i/c3a/gita-gopinath-14569_behave_business-cycles-in-emerging-markets-beha_1688510.jpg", "url": "https://sms4smile.com/quotes/i/c3a/gita-gopinath-14569_behave_business-cycles-in-emerging-markets-beha_1688510.jpg", "width": 1080, "height": 1080, "caption": "“Business cycles in emerging markets behave differently from developed markets.” — Gita Gopinath", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Gita Gopinath", "item": "https://sms4smile.com/quotes/author/gita-gopinath/" }, { "@type": "ListItem", "position": 4, "name": "Business cycles in emerging markets behave...", "item": "https://sms4smile.com/quotes/gita-gopinath/business-cycles-in-emerging-markets-behave-differently-from-developed/" } ], "@id": "https://sms4smile.com/quotes/gita-gopinath/business-cycles-in-emerging-markets-behave-differently-from-developed/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```