Growth Divergences: Explaining Differences in Economic Performance

Overview

This volume of analytical studies examines the major differences in economic performance in recent decades between the developing and developed economies. Most developing countries have lagged increasingly far behind, but this growing North-South gap has been masked by the better economic performance of China, India and the East Asian Tigers, implying the expansion of the "middle income" category. The high-profile contributors consider the dynamics of international economic growth, diverging growth rates, ...

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Overview

This volume of analytical studies examines the major differences in economic performance in recent decades between the developing and developed economies. Most developing countries have lagged increasingly far behind, but this growing North-South gap has been masked by the better economic performance of China, India and the East Asian Tigers, implying the expansion of the "middle income" category. The high-profile contributors consider the dynamics of international economic growth, diverging growth rates, economic structures, and sources of demand, successes and collapses in the developing world, and recent episodes of real income stagnation of countries. Several chapters critically review recent misleading claims regarding the relationship of trade liberalization, financial development, development, aid, infrastructure spending, violent conflict, good governance, and industrial policy to economic growth.

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Product Details

  • ISBN-13: 9781842778807
  • Publisher: Zed Books
  • Publication date: 4/1/2008
  • Pages: 400
  • Product dimensions: 5.75 (w) x 8.88 (h) x 0.94 (d)

Meet the Author

Jomo K. S. is Assistant Secretary General for Economic Development based in the Department of Economic and Social Affairs (DESA) of the United Nations Secretariat. José Antonio Ocampo is Under-Secretary General for the Department of Economic and Social Affairs (DESA) in the United Nations Secretariat. Rob Vos is Director of the Development Policy and Analysis Division at the Department of Economic and Social Affairs of the United Nations.

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Table of Contents

Preface
• Understanding Divergences: The Dynamics of International Economic Growth - Richard Kozul-Wright
• Developing and Transition Economies in the Late 20th Century: Diverging Growth Rates, Economic Structures, and Sources of Demand - Lance Taylor and Codrina Rada
• The Dual Divergence: Successes and Collapses in the Developing World Since 1980 - J. A. Ocampo and M. A. Parra
• Growth after Globalisation: A "Structuralist-Kaldorian" Game of Musical Chairs? - Gabriel Palma
• Real Income Stagnation of Countries, 1960-2001 - Sanjay Reddy and Camela Minoiu
• Growth Empirics in a Complex World - Francisco Rodriguez
• Openness and Growth: What Have We Learned? - Francisco Rodriguez
• Financial Development and Economic Growth: A Critical View - E. V. K. Fitzgerald
• Development Aid and Economic Growth: A Positive Long-Run Relation - Sanjay Reddy and Camela Minoiu
• Have Collapses in Infrastructure Spending Led to Cross-Country Divergence in Per Capita GDP? - Francisco Rodriguez
• The Conflict-Growth Nexus and the Poverty Of Nations - Mansoob Murshed
• Governance, Economic Growth and Development since the 1960s - Mushtaq Khan
• Industrial Policy and Growth - Helen Shapiro

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