Shifting Patterns of Economic Growth and Rethinking Development

Publication:
Shifting Patterns of Economic Growth and Rethinking Development

dc.contributor.author	Lin, Justin Yifu
dc.contributor.author	Rosenblatt, David
dc.date.accessioned	2013-05-10T17:18:51Z
dc.date.available	2013-05-10T17:18:51Z
dc.date.issued	2012-07-30
dc.description.abstract	This paper provides an historical overview of both the evolution of the economic performance of the developing world and the evolution of economic thought on development policy. The twentieth century was broadly characterized by divergence between high-income countries and the developing world, with only a limited number (less than 10% of the economies in the world) managing to progress out of lower or middle-income status to high-income status. The last decade witnessed a sharp reversal from a pattern of divergence to convergence – particularly for a set of large middle-income countries. The latter phenomenon was also driven by increasing economic ties among developing countries and, on the intellectual scale, increased knowledge generation and sharing among the developing countries. Re-thinking development policy implies confronting these realities: twentieth century economic divergence, the experience of the handful of success stories, and the recent rise of the multi-polar growth world. This paper provides descriptive data and a literature survey to document these trends.	en
dc.identifier.citation	Journal of Economic Policy Reform
dc.identifier.doi	10.1596/13361
dc.identifier.issn	1748-7870
dc.identifier.uri	https://hdl.handle.net/10986/13361
dc.language.iso	en_US
dc.publisher	Taylor and Francis
dc.relation.ispartofseries	Journal of Economic Policy Reform;15(3)
dc.rights	CC BY-NC-ND 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subject	economic growth
dc.subject	development
dc.subject	convergence
dc.subject	structural transformation
dc.title	Shifting Patterns of Economic Growth and Rethinking Development	en
dc.type	Journal Article	en
dc.type	Article de journal	fr
dc.type	Artículo de revista	es
dspace.entity.type	Publication
okr.date.disclosure	2012-08-21
okr.date.doiregistration	2025-05-06T10:58:23.245457Z
okr.doctype	Publications & Research::Journal Article
okr.doctype	Publications & Research
okr.externalcontent	External Content
okr.globalpractice	Macroeconomics and Fiscal Management
okr.journal.nbpages	171-194
okr.language.supported	en
okr.peerreview	Academic Peer Review
okr.relation.associatedurl	http://www.tandfonline.com/doi/abs/10.1080/17487870.2012.700565
okr.relation.associatedurl	https://openknowledge.worldbank.org/handle/10986/6043
okr.topic	Macroeconomics and Economic Growth
okr.volume	15(3)
relation.isAuthorOfPublication	6f9860c3-5c17-54f1-92fb-9f5055cc0038
relation.isAuthorOfPublication	23f68aaf-6686-51d6-b705-2015e1fcee39
relation.isAuthorOfPublication.latestForDiscovery	23f68aaf-6686-51d6-b705-2015e1fcee39