The Dual Divergence: Growth Successes and Collapses in the Developing World since 1980
AbstractThis paper argues that developing countries’ growth successes and collapses tend to cluster in specific time periods—and that only the existence of a global development cycle can explain this. The cycle reflects the external factors that affect all, or large clusters of developing countries, and thus constrain their growth possibilities. Nonetheless, country-specific factors—particularly patterns of specialization—play a significant role in determining growth dynamics. From this perspective, the paper shows a very large difference between the economic growth of developing countries diversifying into higher technology manufacturing exports and those experiencing success in natural resource intensive sectors.
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Bibliographic InfoPaper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 24.
Date of creation: Jun 2006
Date of revision:
economic growth; divergence; external factors; global development cycle; patterns of specialization; technological intensity of exports;
Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
- F1 - International Economics - - Trade
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
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