Unlike the 1950s and 1960s, when the rising tide of economic growth lifted most economies, the last three decades have been characterized by a paradox of greater international economic integration as well as divergent economic growth performances. The growing North-South gap of the last two centuries has been moderated recently by the better economic performance of China, India and others in East Asia, implying the expansion of the 'middle income' category. This volume of analytical studies seeks to explain these major differences in economic performance in recent decades by considering the dynamics of international economic growth, diverging growth rates, economic structures, and sources of demand, successes and collapses in the developing world, and recent episodes of real income stagnation of countries. Several chapters critically review recent misleading claims and the conventional wisdom regarding the relationship of trade liberalization, financial development, development, aid, infrastructure spending, violent conflict, good governance, and industrial policy to economic growth.
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(216mm x 135mm x 135mm)
Zed Books Ltd
Publisher: Zed Books Ltd
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Author Biography - Jose Antonio Ocampo
Jomo K. S. is Assistant Secretary General for Economic Development based in the Department of Economic and Social Affairs of the United Nations Secretariat. Jose Antonio Ocampo wais Under-Secretary General for the Department of Economic and Social Affairs in the United Nations Secretariat until mid-2007. Rob Vos is Director of the Development Policy and Analysis Division at the Department of Economic and Social Affairs in the United Nations Secretariat.