ADAPTATION STRATEGIES FOR EMERGING ECONOMIES IN THE CONTEXT OF GLOBAL FINANCIAL CRISES
Keywords:
emerging economies, global financial crises, macroeconomic resilience, monetary policy, fiscal adjustment, IMF support, Uzbekistan, inflation control, economic diversification, institutional reform.Abstract
This paper examines the adaptation strategies employed by emerging economies in response to global financial crises, with a focus on the period of 2023–2024. Using macroeconomic indicators from countries such as India, Brazil, Pakistan, Sri Lanka, Egypt, Nigeria, and Uzbekistan, the study identifies patterns of policy response, economic resilience, and structural vulnerability. The findings show that economies with diversified structures, credible monetary policies, and limited external imbalances experienced more stable recoveries. In contrast, countries with significant fiscal and institutional fragilities required external financial support, notably from the International Monetary Fund. The case of Uzbekistan is analyzed in depth to illustrate how consistent macroeconomic management, multilateral cooperation, and gradual reform implementation can enhance crisis resilience. Based on the comparative analysis, the paper provides policy recommendations to strengthen future readiness among emerging markets.
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