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Toward a Switchover of Locomotives in the Global Economy

  • Canuto, Otaviano

    ()

    (World Bank)

The recovery in advanced economies is now exhibiting several signs of fragility and the medium-term growth prospects for these economies also look difficult. Could developing economies “switch over” to become locomotives in the global economy, providing a countervailing force against downward trends? The view taken here says, yes, as long as appropriate domestic policies and reforms are pursued in developing countries.

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File URL: http://siteresources.worldbank.org/INTPREMNET/Resources/EP33.pdf
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Article provided by The World Bank in its journal Economic Premise.

Volume (Year): (2010)
Issue (Month): 33 (September)
Pages: 1-6

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Handle: RePEc:wbk:prmecp:ep33
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  1. Canuto, Otaviano & Haddad, Mona & Hanson, Gordon, 2010. "Export-Led Growth v2.0," World Bank - Economic Premise, The World Bank, issue 3, pages 1-5, March.
  2. Ejaz Ghani & Homi Kharas, 2010. "The Service Revolution," World Bank Other Operational Studies 10187, The World Bank.
  3. Claessens, Stijn & Kose, Ayhan & Terrones, Marco E, 2008. "What Happens During Recessions, Crunches and Busts?," CEPR Discussion Papers 7085, C.E.P.R. Discussion Papers.
  4. Milan Brahmbhatt & Otaviano Canuto & Ekaterina Vostroknutova, 2010. "Dealing with Dutch Disease," World Bank Other Operational Studies 10174, The World Bank.
  5. Otaviano Canuto & Mark A. Dutz & José Guilherme Reis, 2010. "Technological Learning and Innovation : Climbing a Tall Ladder," World Bank Other Operational Studies 10167, The World Bank.
  6. Brahmbhatt, Milan & Canuto, Otaviano, 2010. "Natural Resources and Development Strategy after the Crisis," World Bank - Economic Premise, The World Bank, issue 1, pages 1-7, February.
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