The Center for Emerging Market Policies (CEMP) at the George Mason University’s School of Policy, Government and International Affairs (GMU-SPGIA) aims to be a premier research and teaching hub on international commerce, economics and public policy issues relating to emerging markets. The emerging market economies which are led by but not limited to the BRIC economies (Brazil, Russia, India and China) have grown at a very healthy pace and are contributing to global dynamism. Trade with and between emerging markets is rapidly – and perhaps decisively – changing global trade structures. While the emerging markets continue to attract international capital flows, they are also becoming important sources of capital as their enterprises look to aggressively expand overseas. Global governance structures have also begun to adjust in response to this rapid rise of emerging markets. Emerging markets, however, also face a number of challenges which include being prone to asset booms and busts and financial crises. The CEMP will leverage on the considerable expertise on and interest in emerging markets at GMU-SPGIA to promote pioneering applied research on emerging markets in Asia, Central and Eastern Europe, Latin America and elsewhere.