Growth Divergences: Explaining Differences in Economic Performance

Growth Divergences: Explaining Differences in Economic Performance

by Jose Antonio Ocampo
     
 

View All Available Formats & Editions

Unlike the 1950s and 1960s, when the rising tide of economic growth lifted most economies, the last three decades have been characterized by a paradox of greater international economic integration as well as divergent economic growth performances. In recent years, most developing countries have grown faster than the developed economies. But the converse has been

…  See more details below

Overview

Unlike the 1950s and 1960s, when the rising tide of economic growth lifted most economies, the last three decades have been characterized by a paradox of greater international economic integration as well as divergent economic growth performances. In recent years, most developing countries have grown faster than the developed economies. But the converse has been true in the 1980s and 1990s, except for a number of mostly Asian developing economies. Hence, the growing North-South gap of the last two centuries has been moderated by the better economic performance of China, India and others in East Asia, implying the expansion of the 'middle income' category.

This volume of analytical studies seeks to explain these major differences in economic performance in recent decades by considering the dynamics of international economic growth, diverging growth rates, economic structures, and sources of demand, successes and collapses in the developing world, recent episodes of real income stagnation of countries. Several chapters critically review recent misleading claims and the conventional wisdom regarding the relationship of trade liberalization, financial development, development, aid, infrastructure spending, violent conflict, good governance, and industrial policy to economic growth.

Read More

Product Details

ISBN-13:
9781842778814
Publisher:
Zed Books
Publication date:
01/22/2008
Pages:
400
Product dimensions:
5.54(w) x 8.57(h) x 0.75(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.

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >