ABOUT THE BOOK
the 1950s and 1960s, when the rising tide of economic growth lifted
most economics, the last three decades have been characterized by a
paradox of greater international economic integration as well as divergent
economic growth performances. In recent years, most developing countries
have grown faster than the developed economies. But the converse has
been true in the 1980s and 1990s, except for a number of mostly Asian
developing economies. Hence, the growing North-South gap of the two
centuries has been moderated by the better economic performance of
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, 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.
ABOUT THE AUTHORS
Jose Antonio Ocampo
was United Nations Under-Secretary-General for Economic and Social Affairs
from September 2003 until June 2007. He is currently a professor at
Jomo K.S. has been Assistant Secretary General for Economic Development in the United Nations Department of Economic and Social Affairs (DESA) since January 2005.
Rob Vos is Director
of the Development Policy and Analysis Division at the Department of
Economic and Social Affairs of the United Nations. He is also an affiliate
Professor of Finance and Development at the
1. Explaining Growth Divergences
JOSÉ ANTONIO OCAMPA, JOMO K.S. AND ROB VOS
2. Mind the gaps: Economic Openness and Uneven Development
3. Productive Structure and Effective Demand during the Great Divergence: Regional Contracts
CODRINA RADA AND LANCE TAYLOR
4. Explaining the Dual Divergence: The Role of External Shocks and Specialization Patterns
JOSÉ ANTONIO OCAMPA AND MARÍA ANGELA PARRA
5. Growth Empirics in a Complex World: A Guide for Applied Economists and Policymakers
6. Industrial Policy and Growth
7. Openness and Growth: What Have We Learned?
8. Financial Development and Economic Growth: A Critical View
9. Aid Does Matter After All: Revisiting the Relationship between Aid and Growth
CAMELLA MINOIU AND SANJAY G. REDDY
10. Have Collapses in Infrastructure Spending Led to Cross-Country Divergence in Per Capita GDP? FRANCISCO RODRIGUEZ
11. Governance, Economic Growth and Development since the 1960s
MUSHTAQ H. KHAN
12. The Conflict-Growth Nexus and the Poverty of Nations
SYED MANSOOB MURSHED
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