Shifting patterns of economic growth and rethinking development
AbstractThis 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Journal of Economic Policy Reform.
Volume (Year): 15 (2012)
Issue (Month): 3 (September)
Contact details of provider:
Web page: http://taylorandfrancis.metapress.com/link.asp?id=300262
Other versions of this item:
- Lin, Justin Yifu & Rosenblatt, David, 2012. "Shifting patterns of economic growth and rethinking development," Policy Research Working Paper Series 6040, The World Bank.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rogers, F. Halsey, 2010. "The global financial crisis and development thinking," Policy Research Working Paper Series 5353, The World Bank.
- Lin, Justin Yifu & Li, Zhiyun, 2008. "Policy burden, privatization and soft budget constraint," Journal of Comparative Economics, Elsevier, vol. 36(1), pages 90-102, March.
- David I. Harvey & Neil M. Kellard & Jakob B. Madsen & Mark E. Wohar, 2010. "The Prebisch-Singer Hypothesis: Four Centuries of Evidence," The Review of Economics and Statistics, MIT Press, vol. 92(2), pages 367-377, May.
- Aghion, Philippe & Tirole, Jean, 1994.
"The Management of Innovation,"
The Quarterly Journal of Economics,
MIT Press, vol. 109(4), pages 1185-1209, November.
- Aghion, P. & Tirole, J., 1994. "The management of innovation," Open Access publications from University College London http://discovery.ucl.ac.u, University College London.
- Aghion, Philippe & Tirole, Jean, 1994.
"On the Management of Innovation,"
IDEI Working Papers
36, Institut d'Économie Industrielle (IDEI), Toulouse.
- António Antunes & Tiago Cavalcanti & Anne Villamil, 2006.
"The Effect of Financial Repression & Enforcement on Entrepreneurship and Economic Development,"
SCAPE Policy Research Working Paper Series
0610, National University of Singapore, Department of Economics, SCAPE.
- Antonio Antunes & Tiago Cavalcanti & Anne Villamil, 2006. "The Effect of Financial Repression & Enforcement on Entrepreneurship and Economic Development," Development Economics Working Papers 21816, East Asian Bureau of Economic Research.
- World Bank, 2005. "Economic Growth in the 1990s : Learning from a Decade of Reform," World Bank Publications, The World Bank, number 7370, 5.
- Jeffrey Sachs & Wing Thye Woo & Xiaokai Yang, 2000.
"Economic Reforms and Constitutional Transition,"
Annals of Economics and Finance,
Society for AEF, vol. 1(2), pages 423-479, November.
- Fu, Xiaolan & Gong, Yundan, 2011. "Indigenous and Foreign Innovation Efforts and Drivers of Technological Upgrading: Evidence from China," World Development, Elsevier, vol. 39(7), pages 1213-1225, July.
- Das, Jishnu & Do, Quy-Toan & Shaines, Karen & Srinivasan, Sowmya, 2009. "U.S. and them : the geography of academic research," Policy Research Working Paper Series 5152, The World Bank.
- Heckelman, Jac C. & Knack, Stephen & Rogers, F. Halsey, 2011. "Crossing the threshold : an analysis of IBRD graduation policy," Policy Research Working Paper Series 5531, The World Bank.
- Lin, Justin Yifu & Fardoust, Shahrokh & Rosenblatt, David, 2012. "Reform of the international monetary system : a jagged history and uncertain prospects," Policy Research Working Paper Series 6070, The World Bank.
- Peter A.G. van Bergeijk & Charles van Marrewijk, 2012. "Heterogeneity and Development: An Agenda," Working Papers 12-14, Utrecht School of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.