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The Dual Divergence: Growth Successes and Collapses in the Developing World since 1980

  • José Antonio Ocampo
  • María Angela Parra

This 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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File URL: http://www.un.org/esa/desa/papers/2006/wp24_2006.pdf
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Paper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 24.

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Date of creation: Jun 2006
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Handle: RePEc:une:wpaper:24
Contact details of provider: Web page: http://www.un.org/en/development/desa/working-papers.html
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