Shifting patterns of economic growth and rethinking development
By J. Lin, David Rosenblatt. 2012
121 citations recorded by the source corpus.
This paper provides an historical overview of both the evolution of the economic performance of the developing world and the evolution of economic thought on development policy. The twentieth century was broadly characterized by divergence between high-income countries and the developing world, with only a limited number (less than 10% of the economies in the world) managing to progress out of lower or middle-income status to high-income status. The last decade witnessed a sharp reversal from a pattern of divergence to convergence – particularly for a set of large middle-income countries. The latter phenomenon was also driven by increasing economic ties among developing countries and, on the intellectual scale, increased knowledge generation and sharing among the developing countries. Re-thinking development policy implies confronting these realities: twentieth century economic divergence, the experience of the handful of success stories, and the recent rise of the multi-polar growth world. This paper provides descriptive data and a literature survey to document these trends.
Subfields: Economics and Econometrics, Information Systems
View Paper: https://www.semanticscholar.org/paper/937ad20a98c2029c837d9a7391156ed7aba8be3a
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In Economics and Econometrics
Citations in the corpus
- Middle-Income Traps: A Conceptual and Empirical Survey (2015, background): “In some cases, the phenomenon is described in terms of relative “catch-up” with the United States or some other rich country reference (Woo, 2011; Lin and Rosenblatt, 2012). In others, it is based on stagnation or painfully slow growth in absolute income levels. For example, Felipe et al (2012) esta”