Ascent After Decline: Challenges of Growth
This note examines one of the most fundamental questions to emerge from the Great Recession of 2007–9: how to regrow global economic growth going forward? Although all are painfully aware that it may be 2013 or 2014 before the global economy returns to normalcy, no one is sanguine about medium- to long-term growth prospects. For this reason, the challenging task of “regrowing growth” will take center stage for politicians and policy makers alike. One point is clear: without a resurrection of strong economic growth in major economies, the likelihood of rapid economic development in poor developing countries is diminished.1 How various elements will affect growth prospects is less clear, but vitally important. In the terminology of Hausmann and Rodrik (2003), this is a process of discovery and we are in somewhat uncharted territory.
Volume (Year): (2012)
Issue (Month): 75 (February)
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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.:
- Canuto, Otaviano, 2010.
"Toward a Switchover of Locomotives in the Global Economy,"
World Bank - Economic Premise,
The World Bank, issue 33, pages 1-6, September.
- Otaviano Canuto, 2010. "Toward a Switchover of Locomotives in the Global Economy," World Bank Other Operational Studies 10159, The World Bank.
- Hausmann, Ricardo & Rodrik, Dani, 2002.
"Economic Development as Self-Discovery,"
Working Paper Series
rwp02-023, Harvard University, John F. Kennedy School of Government.
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- Otaviano Canuto & Danny M. Leipziger, 2012. "Ascent after Decline : Regrowing Global Economies after the Great Recession," World Bank Publications, The World Bank, number 2233.
- William Dudley, 2010. "The outlook, policy choices and our mandate," Speech 30, Federal Reserve Bank of New York.
- Milan Brahmbhatt & Otaviano Canuto & Swati Ghosh, 2010.
"Currency Wars Yesterday and Today,"
World Bank Other Operational Studies
10116, The World Bank.
- Otaviano Canuto & Marcelo Giugale, 2010. "The Day After Tomorrow : A Handbook on the Future of Economic Policy in the Developing World," World Bank Publications, The World Bank, number 2507.
- Alan S. Blinder, 2005. "Fear of Offshoring," Working Papers 83, Princeton University, Department of Economics, Center for Economic Policy Studies..
- repec:pri:cepsud:119blinder is not listed on IDEAS
- repec:wbk:wbpubs:12097 is not listed on IDEAS
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