This book examines determinants of economic growth of emerging market economies during the 2000s. The case studies are for South-East Asian economies and Russia. The book discusses key stylized facts and then present estimates from an econometric model. The econometric model enables to examine how much of growth was due to transitional convergence, structural reforms, stabilization policies, and external conditions. The case studies will be of interest to academics, policy makers, and investors interested in understanding emerging market economies.