Globalization and Growth in the Twentieth Century
By Nicholas Crafts. Social Science Research Network, 2000
206 citations recorded by the source corpus.
This paper reviews the experience of economic growth during the twentieth century with a view to highlighting implications for both growth economists and policy-makers. The unprecedented divergence in income levels between the OECD economies and many developing countries is documented but so too is a more optimistic picture of widespread progress in terms of the Human Development Index. Various aspects of the changes in economic structure are explored in terms of their implications for growth performance both in retrospect and prospect. The possibility that the growth process will lead to another globalization backlash reminiscent of the 1930s is analyzed.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/9d3584eb66dd60190efc0f1c9969a298839f4843
How researchers see this paper
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In Economics and Econometrics
- Branko Milanovic
- Facundo Alvaredo
- Leonardo Gasparini
- L. Serven
- K. Gluschenko
- C. Calderón
- P. Segal
- S. Anand
In Finance
Citations in the corpus
- Why Are We Worried About Income? Nearly Everything that Matters is Converging (2005, unknown): “Crafts (2000) notes that the human development index (constructed from measures of income (discounted at higher levels), literacy and life expectancy) has seen a reduction in the gap between developing countries as a whole and the leading country since 1950, and for Latin America and Eastern Europe…”
- Globalization, Poverty, and Inequality since 1980 (2004, unknown): “Source: Crafts (2000) for capital flows; Maddison (1995) and Crafts (2000) for trade flows; World Bank (2002) for transport and communications costs.”
- CAN WE DISCERN THE EFFECT OF GLOBALIZATION ON INCOME DISTRIBUTION? Evidence from Household Budget Surveys (2003, background): “…century up to 1914, and the current one look precisely at these indicators [see Bordo, Eichengreen, and Irwin (1999), Jeffrey Williamson (1996), Craft (2000), Baldwin and Martin (1999)]: how much trade there is now (as the share of world GDP) compared to a century ago, how much direct foreign…”