Publication: Toward a Switchover of Locomotives in the Global Economy
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2010-09
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2012-08-13
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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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“Canuto, Otaviano. 2010. Toward a Switchover of Locomotives in the Global Economy. Economic Premise; No. 33. © World Bank. http://hdl.handle.net/10986/10159 License: CC BY 3.0 IGO.”
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