Shifting Patterns of Economic Growth and Rethinking Development

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...

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Main Authors:	Lin, Justin Yifu, Rosenblatt, David
Format:	Journal Article
Language:	en_US
Published:	Taylor and Francis 2013
Subjects:	economic growth development convergence structural transformation
Online Access:	http://hdl.handle.net/10986/13361

id	okr-10986-13361
recordtype	oai_dc
spelling	okr-10986-133612021-04-23T14:03:08Z Shifting Patterns of Economic Growth and Rethinking Development Lin, Justin Yifu Rosenblatt, David economic growth development convergence structural transformation 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. 2013-05-10T17:18:51Z 2013-05-10T17:18:51Z 2012-07-30 Journal Article Journal of Economic Policy Reform 1748-7870 http://hdl.handle.net/10986/13361 en_US Journal of Economic Policy Reform;15(3) CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Taylor and Francis Publications & Research :: Journal Article Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	economic growth development convergence structural transformation
spellingShingle	economic growth development convergence structural transformation Lin, Justin Yifu Rosenblatt, David Shifting Patterns of Economic Growth and Rethinking Development
relation	Journal of Economic Policy Reform;15(3)
description	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.
format	Journal Article
author	Lin, Justin Yifu Rosenblatt, David
author_facet	Lin, Justin Yifu Rosenblatt, David
author_sort	Lin, Justin Yifu
title	Shifting Patterns of Economic Growth and Rethinking Development
title_short	Shifting Patterns of Economic Growth and Rethinking Development
title_full	Shifting Patterns of Economic Growth and Rethinking Development
title_fullStr	Shifting Patterns of Economic Growth and Rethinking Development
title_full_unstemmed	Shifting Patterns of Economic Growth and Rethinking Development
title_sort	shifting patterns of economic growth and rethinking development
publisher	Taylor and Francis
publishDate	2013
url	http://hdl.handle.net/10986/13361
_version_	1764423305439215616

Shifting Patterns of Economic Growth and Rethinking Development

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