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Wachstumsdivergenz zwischen Entwicklungsländern: hat die Entwicklungsökonomie versagt?

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  • Nunnenkamp, Peter

Abstract

While some developing countries caught up economically with advanced industrial countries, low or even negative growth of per capita incomes in various developing countries resulted in widening income gaps during the process of globalisation. This article explores three possible explanations for divergent growth patterns: (i) the reluctance of developing countries to implement the policy prescriptions of the so-called Washington consensus; (ii) the failure of traditional recipes of macroeconomic stabilisation and structural adjustment; and (iii) deep-rooted obstacles to growth that were ignored by many policy-advisers. According to the correlation results presented, the notion that economic policy matters for growth cannot simply be dismissed. However, there is little evidence supporting the view that lacking reform-mindedness explains the weak growth performance of most developing countries. Economic policy appears to be constrained in important ways, particularly in the poorest countries. Openness to trade and foreign direct investment turns out to be less effective in stimulating growth in this country group than in more advanced countries. Furthermore, it is mainly for poor countries that path-dependent institutional deficiencies and geographical disadvantages have a significant impact on the quality of economic policy and the growth performance. Hence, development cooperation must go beyond the Washington consensus for more developing countries to escape the poverty trap.
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  • Nunnenkamp, Peter, 2003. "Wachstumsdivergenz zwischen Entwicklungsländern: hat die Entwicklungsökonomie versagt?," Open Access Publications from Kiel Institute for the World Economy 3053, Kiel Institute for the World Economy (IfW).
  • Handle: RePEc:zbw:ifwkie:3053
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    1. Thiele, Rainer & Wiebelt, Manfred, 2000. "Sind die Anpassungsprogramme von IWF und Weltbank gescheitert? Eine Bilanz der Erfahrungen von zwei Jahrzehnten," Kiel Discussion Papers 357, Kiel Institute for the World Economy (IfW).
    2. Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2004. "Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development," Journal of Economic Growth, Springer, vol. 9(2), pages 131-165, June.
    3. La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 1999. "The Quality of Government," Journal of Law, Economics, and Organization, Oxford University Press, vol. 15(1), pages 222-279, April.
    4. World Bank, 2002. "World Development Indicators 2002," World Bank Publications, The World Bank, number 13921, August.
    5. Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "The Colonial Origins of Comparative Development: An Empirical Investigation," American Economic Review, American Economic Association, vol. 91(5), pages 1369-1401, December.
    6. Jeffrey D. Sachs, 2001. "Tropical Underdevelopment," NBER Working Papers 8119, National Bureau of Economic Research, Inc.
    7. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
    8. Peter Nunnenkamp, 2004. "To What Extent Can Foreign Direct Investment Help Achieve International Development Goals?," The World Economy, Wiley Blackwell, vol. 27(5), pages 657-677, May.
    9. Magnus Blomstrom & Robert E. Lipsey & Mario Zejan, 1992. "What Explains Developing Country Growth?," NBER Working Papers 4132, National Bureau of Economic Research, Inc.
    10. Arvind Subramanian & Francesco Trebbi & Dani Rodrik, 2002. "Institutions Rule; The Primacy of Institutions over Integration and Geography in Economic Development," IMF Working Papers 02/189, International Monetary Fund.
    11. repec:hrv:faseco:30747160 is not listed on IDEAS
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    Cited by:

    1. Nunnenkamp, Peter & Thiele, Rainer, 2004. "Strategien zur Bekämpfung der weltweiten Armut: Irrwege, Umwege und Auswege," Kiel Discussion Papers 407, Kiel Institute for the World Economy (IfW).
    2. Nunnenkamp, Peter, 2003. "Why economic performance and international competitiveness differ so much between Latin America and Asia," Open Access Publications from Kiel Institute for the World Economy 4320, Kiel Institute for the World Economy (IfW).
    3. Nunnenkamp, Peter, 2003. "Economic policy, institutional development, and income growth: How Arab countries compare with other developing countries," Kiel Working Papers 1183, Kiel Institute for the World Economy (IfW).

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