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 20th century was broadly characterized by divergence between high-...

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Main Authors: Lin, Justin Yifu, Rosenblatt, David
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
GDP
TAX
WTO
Online Access:http://documents.worldbank.org/curated/en/2012/04/16233468/shifting-patterns-economic-growth-rethinking-development
http://hdl.handle.net/10986/6043
id okr-10986-6043
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ADVANCED COUNTRIES
ADVANCED COUNTRY
ADVANCED ECONOMIES
AGRICULTURAL PRODUCTIVITY
AGRICULTURE
ANNUAL GROWTH
AVERAGE GROWTH
BANK CREDIT
BANK LENDING
BANK MANAGEMENT
BANKRUPTCIES
BANKRUPTCY
BUSINESS ENVIRONMENT
CAPITAL ACCUMULATION
CAPITAL FLOWS
CAPITAL INTENSITY
CAPITAL INVESTMENTS
CAPITAL MARKETS
CENTRAL BANKS
CLASSICAL ECONOMICS
COMMODITIES
COMMODITY
COMMODITY PRICES
COMMUNICATION TECHNOLOGIES
COMMUNICATION TECHNOLOGY
COMPARATIVE ADVANTAGE
COMPARATIVE ADVANTAGES
COMPETITIVE ADVANTAGE
COMPETITIVE MARKET
COMPETITIVENESS
CONSUMER DEMAND
CONSUMERS
COUNTRY INEQUALITY
DEBT
DEBT CRISIS
DEMOGRAPHIC
DEREGULATION
DEVELOPED COUNTRIES
DEVELOPED WORLD
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING ECONOMIES
DEVELOPING ECONOMY
DEVELOPING REGIONS
DEVELOPING WORLD
DEVELOPMENT AGENCY
DEVELOPMENT ASSISTANCE
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICIES
DEVELOPMENT POLICY
DEVELOPMENT STRATEGY
DISEQUILIBRIUM
DISTRIBUTION OF INCOME
DOMESTIC ECONOMIES
DYNAMIC ECONOMY
DYNAMIC EMERGING ECONOMIES
DYNAMIC EMERGING MARKETS
ECONOMETRICS
ECONOMIC COOPERATION
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
ECONOMIC POLICY
ECONOMIC POWER
ECONOMIC POWERS
ECONOMIC PROGRESS
ECONOMIC RELATIONS
ECONOMIC RESEARCH
ECONOMIC STRUCTURE
ECONOMIC THEORIES
ECONOMIC THEORY
ECONOMIC THOUGHT
ECONOMICS RESEARCH
ECONOMIES OF SCALE
EDUCATION SYSTEMS
EMERGING MARKET
EMERGING MARKET ECONOMIES
EMERGING MARKETS
ENTRY POINT
EXCHANGE RATE
EXCHANGE RATES
EXPORT GROWTH
EXPORT PROCESSING ZONES
EXPORTS
EXTERNALITIES
FACTORS OF PRODUCTION
FINANCIAL CRISIS
FINANCIAL FLOW
FINANCIAL FLOWS
FINANCIAL INSTITUTIONS
FINANCIAL SECTOR
FINANCIAL SECTOR DEVELOPMENT
FINANCIAL SUPPORT
FORECASTS
FOREIGN CAPITAL
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FOREIGN FIRMS
FOREIGN INVESTORS
FREE MARKETS
FUTURE GROWTH
GDP
GDP PER CAPITA
GLOBAL ECONOMIC LANDSCAPE
GLOBAL ECONOMIC PROSPECTS
GLOBAL ECONOMY
GLOBALIZATION
GOVERNMENT INTERVENTIONS
GROSS DOMESTIC PRODUCT
GROWTH PERFORMANCE
GROWTH RATE
GROWTH RATES
GROWTH THEORY
HEADCOUNT POVERTY
HIGH GROWTH
HIGH INCOME COUNTRIES
HUMAN CAPITAL
INCOME
INCOME GROWTH
INCOME INEQUALITY
INCOME LEVELS
INCOMES
INDUSTRIALIZED COUNTRIES
INTEREST RATE
INTEREST RATES
INTERNATIONAL MARKET
INTERNATIONAL RESERVES
INVESTMENT CLIMATE
JOINT VENTURES
KNOWLEDGE GENERATION
LIVING STANDARDS
LOW-INCOME COUNTRIES
MACROECONOMIC POLICIES
MACROECONOMIC STABILIZATION
MANUFACTURING INDUSTRIES
MARKET ECONOMY
MARKET PRICES
MARXISM
MIDDLE INCOME COUNTRIES
MIDDLE INCOME COUNTRY
MIDDLE-INCOME COUNTRIES
MULTILATERAL DEVELOPMENT
NATIONAL DEVELOPMENT
NATIONAL ECONOMY
NATURAL RESOURCE
NATURAL RESOURCES
NEW PRODUCT
OPPORTUNITY COSTS
ORGANIZATIONAL STRUCTURES
OUTPUT
OVERVALUATION
OVERVALUED EXCHANGE RATES
OWNERSHIP STRUCTURE
PARTICULAR COUNTRY
PER CAPITA GROWTH
PER CAPITA INCOME
POLICY MAKERS
POLICY RESEARCH
POLITICAL ECONOMY
POVERTY ALLEVIATION
PREFERENTIAL ACCESS
PRICE CONTROLS
PRICE DECLINES
PRICE DISTORTIONS
PRIMARY PRODUCTS
PRIVATIZATION
PRODUCTIVITY
PROPERTY RIGHTS
PROTECTIONISM
PURCHASING POWER
RAPID GROWTH
RAPID INDUSTRIALIZATION
REGIONAL TRADE
RELATIVE INCOME
RELATIVE INCOMES
RENT SEEKING
RICH COUNTRIES
RURAL AREAS
SAVINGS
SMALLHOLDER AGRICULTURE
SOVEREIGN DEBT
STANDARD DEVIATION
STRUCTURAL BOTTLENECKS
STRUCTURAL CHANGE
TAX
TAX BREAKS
TAX SYSTEM
TAXATION
TECHNICAL ASSISTANCE
TECHNOLOGICAL INNOVATION
TECHNOLOGICAL PROGRESS
THIRD WORLD
TRADE LIBERALIZATION
TRADE RELATIONS
TRADING SYSTEM
TRANSACTION COSTS
TRANSITION COUNTRIES
TRANSITION ECONOMIES
TREASURY
TREASURY SECURITIES
UNEMPLOYMENT
URUGUAY ROUND
VALUE ADDED
WAGES
WEALTH
WORLD DEVELOPMENT INDICATORS
WORLD ECONOMY
WTO
spellingShingle ADVANCED COUNTRIES
ADVANCED COUNTRY
ADVANCED ECONOMIES
AGRICULTURAL PRODUCTIVITY
AGRICULTURE
ANNUAL GROWTH
AVERAGE GROWTH
BANK CREDIT
BANK LENDING
BANK MANAGEMENT
BANKRUPTCIES
BANKRUPTCY
BUSINESS ENVIRONMENT
CAPITAL ACCUMULATION
CAPITAL FLOWS
CAPITAL INTENSITY
CAPITAL INVESTMENTS
CAPITAL MARKETS
CENTRAL BANKS
CLASSICAL ECONOMICS
COMMODITIES
COMMODITY
COMMODITY PRICES
COMMUNICATION TECHNOLOGIES
COMMUNICATION TECHNOLOGY
COMPARATIVE ADVANTAGE
COMPARATIVE ADVANTAGES
COMPETITIVE ADVANTAGE
COMPETITIVE MARKET
COMPETITIVENESS
CONSUMER DEMAND
CONSUMERS
COUNTRY INEQUALITY
DEBT
DEBT CRISIS
DEMOGRAPHIC
DEREGULATION
DEVELOPED COUNTRIES
DEVELOPED WORLD
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING ECONOMIES
DEVELOPING ECONOMY
DEVELOPING REGIONS
DEVELOPING WORLD
DEVELOPMENT AGENCY
DEVELOPMENT ASSISTANCE
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICIES
DEVELOPMENT POLICY
DEVELOPMENT STRATEGY
DISEQUILIBRIUM
DISTRIBUTION OF INCOME
DOMESTIC ECONOMIES
DYNAMIC ECONOMY
DYNAMIC EMERGING ECONOMIES
DYNAMIC EMERGING MARKETS
ECONOMETRICS
ECONOMIC COOPERATION
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
ECONOMIC POLICY
ECONOMIC POWER
ECONOMIC POWERS
ECONOMIC PROGRESS
ECONOMIC RELATIONS
ECONOMIC RESEARCH
ECONOMIC STRUCTURE
ECONOMIC THEORIES
ECONOMIC THEORY
ECONOMIC THOUGHT
ECONOMICS RESEARCH
ECONOMIES OF SCALE
EDUCATION SYSTEMS
EMERGING MARKET
EMERGING MARKET ECONOMIES
EMERGING MARKETS
ENTRY POINT
EXCHANGE RATE
EXCHANGE RATES
EXPORT GROWTH
EXPORT PROCESSING ZONES
EXPORTS
EXTERNALITIES
FACTORS OF PRODUCTION
FINANCIAL CRISIS
FINANCIAL FLOW
FINANCIAL FLOWS
FINANCIAL INSTITUTIONS
FINANCIAL SECTOR
FINANCIAL SECTOR DEVELOPMENT
FINANCIAL SUPPORT
FORECASTS
FOREIGN CAPITAL
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FOREIGN FIRMS
FOREIGN INVESTORS
FREE MARKETS
FUTURE GROWTH
GDP
GDP PER CAPITA
GLOBAL ECONOMIC LANDSCAPE
GLOBAL ECONOMIC PROSPECTS
GLOBAL ECONOMY
GLOBALIZATION
GOVERNMENT INTERVENTIONS
GROSS DOMESTIC PRODUCT
GROWTH PERFORMANCE
GROWTH RATE
GROWTH RATES
GROWTH THEORY
HEADCOUNT POVERTY
HIGH GROWTH
HIGH INCOME COUNTRIES
HUMAN CAPITAL
INCOME
INCOME GROWTH
INCOME INEQUALITY
INCOME LEVELS
INCOMES
INDUSTRIALIZED COUNTRIES
INTEREST RATE
INTEREST RATES
INTERNATIONAL MARKET
INTERNATIONAL RESERVES
INVESTMENT CLIMATE
JOINT VENTURES
KNOWLEDGE GENERATION
LIVING STANDARDS
LOW-INCOME COUNTRIES
MACROECONOMIC POLICIES
MACROECONOMIC STABILIZATION
MANUFACTURING INDUSTRIES
MARKET ECONOMY
MARKET PRICES
MARXISM
MIDDLE INCOME COUNTRIES
MIDDLE INCOME COUNTRY
MIDDLE-INCOME COUNTRIES
MULTILATERAL DEVELOPMENT
NATIONAL DEVELOPMENT
NATIONAL ECONOMY
NATURAL RESOURCE
NATURAL RESOURCES
NEW PRODUCT
OPPORTUNITY COSTS
ORGANIZATIONAL STRUCTURES
OUTPUT
OVERVALUATION
OVERVALUED EXCHANGE RATES
OWNERSHIP STRUCTURE
PARTICULAR COUNTRY
PER CAPITA GROWTH
PER CAPITA INCOME
POLICY MAKERS
POLICY RESEARCH
POLITICAL ECONOMY
POVERTY ALLEVIATION
PREFERENTIAL ACCESS
PRICE CONTROLS
PRICE DECLINES
PRICE DISTORTIONS
PRIMARY PRODUCTS
PRIVATIZATION
PRODUCTIVITY
PROPERTY RIGHTS
PROTECTIONISM
PURCHASING POWER
RAPID GROWTH
RAPID INDUSTRIALIZATION
REGIONAL TRADE
RELATIVE INCOME
RELATIVE INCOMES
RENT SEEKING
RICH COUNTRIES
RURAL AREAS
SAVINGS
SMALLHOLDER AGRICULTURE
SOVEREIGN DEBT
STANDARD DEVIATION
STRUCTURAL BOTTLENECKS
STRUCTURAL CHANGE
TAX
TAX BREAKS
TAX SYSTEM
TAXATION
TECHNICAL ASSISTANCE
TECHNOLOGICAL INNOVATION
TECHNOLOGICAL PROGRESS
THIRD WORLD
TRADE LIBERALIZATION
TRADE RELATIONS
TRADING SYSTEM
TRANSACTION COSTS
TRANSITION COUNTRIES
TRANSITION ECONOMIES
TREASURY
TREASURY SECURITIES
UNEMPLOYMENT
URUGUAY ROUND
VALUE ADDED
WAGES
WEALTH
WORLD DEVELOPMENT INDICATORS
WORLD ECONOMY
WTO
Lin, Justin Yifu
Rosenblatt, David
Shifting Patterns of Economic Growth and Rethinking Development
relation Policy Research Working Paper ; No. 6040
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 20th century was broadly characterized by divergence between high-income countries and the developing world, with only a limited number (less than 10 percent 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: 20th century economic divergence, the experience of the handful of success stories, and the recent rise of the multi-polar growth world. The paper provides descriptive data and a literature survey to document these trends. The paper also provides a brief survey of the role of multilateral institutions -- in particular, the World Bank -- in this changing context and offers suggestions on how they can adapt their strategies to improve development outcomes.
format Publications & Research :: Policy Research Working Paper
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 World Bank, Washington, DC
publishDate 2012
url http://documents.worldbank.org/curated/en/2012/04/16233468/shifting-patterns-economic-growth-rethinking-development
http://hdl.handle.net/10986/6043
_version_ 1764397215808225280
spelling okr-10986-60432021-04-23T14:02:24Z Shifting Patterns of Economic Growth and Rethinking Development Lin, Justin Yifu Rosenblatt, David ADVANCED COUNTRIES ADVANCED COUNTRY ADVANCED ECONOMIES AGRICULTURAL PRODUCTIVITY AGRICULTURE ANNUAL GROWTH AVERAGE GROWTH BANK CREDIT BANK LENDING BANK MANAGEMENT BANKRUPTCIES BANKRUPTCY BUSINESS ENVIRONMENT CAPITAL ACCUMULATION CAPITAL FLOWS CAPITAL INTENSITY CAPITAL INVESTMENTS CAPITAL MARKETS CENTRAL BANKS CLASSICAL ECONOMICS COMMODITIES COMMODITY COMMODITY PRICES COMMUNICATION TECHNOLOGIES COMMUNICATION TECHNOLOGY COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVE ADVANTAGE COMPETITIVE MARKET COMPETITIVENESS CONSUMER DEMAND CONSUMERS COUNTRY INEQUALITY DEBT DEBT CRISIS DEMOGRAPHIC DEREGULATION DEVELOPED COUNTRIES DEVELOPED WORLD DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPING ECONOMY DEVELOPING REGIONS DEVELOPING WORLD DEVELOPMENT AGENCY DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DEVELOPMENT POLICY DEVELOPMENT STRATEGY DISEQUILIBRIUM DISTRIBUTION OF INCOME DOMESTIC ECONOMIES DYNAMIC ECONOMY DYNAMIC EMERGING ECONOMIES DYNAMIC EMERGING MARKETS ECONOMETRICS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC POWER ECONOMIC POWERS ECONOMIC PROGRESS ECONOMIC RELATIONS ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMIC THEORIES ECONOMIC THEORY ECONOMIC THOUGHT ECONOMICS RESEARCH ECONOMIES OF SCALE EDUCATION SYSTEMS EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING MARKETS ENTRY POINT EXCHANGE RATE EXCHANGE RATES EXPORT GROWTH EXPORT PROCESSING ZONES EXPORTS EXTERNALITIES FACTORS OF PRODUCTION FINANCIAL CRISIS FINANCIAL FLOW FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SUPPORT FORECASTS FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN FIRMS FOREIGN INVESTORS FREE MARKETS FUTURE GROWTH GDP GDP PER CAPITA GLOBAL ECONOMIC LANDSCAPE GLOBAL ECONOMIC PROSPECTS GLOBAL ECONOMY GLOBALIZATION GOVERNMENT INTERVENTIONS GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH RATE GROWTH RATES GROWTH THEORY HEADCOUNT POVERTY HIGH GROWTH HIGH INCOME COUNTRIES HUMAN CAPITAL INCOME INCOME GROWTH INCOME INEQUALITY INCOME LEVELS INCOMES INDUSTRIALIZED COUNTRIES INTEREST RATE INTEREST RATES INTERNATIONAL MARKET INTERNATIONAL RESERVES INVESTMENT CLIMATE JOINT VENTURES KNOWLEDGE GENERATION LIVING STANDARDS LOW-INCOME COUNTRIES MACROECONOMIC POLICIES MACROECONOMIC STABILIZATION MANUFACTURING INDUSTRIES MARKET ECONOMY MARKET PRICES MARXISM MIDDLE INCOME COUNTRIES MIDDLE INCOME COUNTRY MIDDLE-INCOME COUNTRIES MULTILATERAL DEVELOPMENT NATIONAL DEVELOPMENT NATIONAL ECONOMY NATURAL RESOURCE NATURAL RESOURCES NEW PRODUCT OPPORTUNITY COSTS ORGANIZATIONAL STRUCTURES OUTPUT OVERVALUATION OVERVALUED EXCHANGE RATES OWNERSHIP STRUCTURE PARTICULAR COUNTRY PER CAPITA GROWTH PER CAPITA INCOME POLICY MAKERS POLICY RESEARCH POLITICAL ECONOMY POVERTY ALLEVIATION PREFERENTIAL ACCESS PRICE CONTROLS PRICE DECLINES PRICE DISTORTIONS PRIMARY PRODUCTS PRIVATIZATION PRODUCTIVITY PROPERTY RIGHTS PROTECTIONISM PURCHASING POWER RAPID GROWTH RAPID INDUSTRIALIZATION REGIONAL TRADE RELATIVE INCOME RELATIVE INCOMES RENT SEEKING RICH COUNTRIES RURAL AREAS SAVINGS SMALLHOLDER AGRICULTURE SOVEREIGN DEBT STANDARD DEVIATION STRUCTURAL BOTTLENECKS STRUCTURAL CHANGE TAX TAX BREAKS TAX SYSTEM TAXATION TECHNICAL ASSISTANCE TECHNOLOGICAL INNOVATION TECHNOLOGICAL PROGRESS THIRD WORLD TRADE LIBERALIZATION TRADE RELATIONS TRADING SYSTEM TRANSACTION COSTS TRANSITION COUNTRIES TRANSITION ECONOMIES TREASURY TREASURY SECURITIES UNEMPLOYMENT URUGUAY ROUND VALUE ADDED WAGES WEALTH WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WTO 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 20th century was broadly characterized by divergence between high-income countries and the developing world, with only a limited number (less than 10 percent 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: 20th century economic divergence, the experience of the handful of success stories, and the recent rise of the multi-polar growth world. The paper provides descriptive data and a literature survey to document these trends. The paper also provides a brief survey of the role of multilateral institutions -- in particular, the World Bank -- in this changing context and offers suggestions on how they can adapt their strategies to improve development outcomes. 2012-04-27T07:44:27Z 2012-04-27T07:44:27Z 2012-04 http://documents.worldbank.org/curated/en/2012/04/16233468/shifting-patterns-economic-growth-rethinking-development http://hdl.handle.net/10986/6043 English Policy Research Working Paper ; No. 6040 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research