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Growth Divergences

Explaining Differences in Economic Performance

Edited by José Antonio Ocampo, Jomo K.S. and Rob Vos

Publishers: Orient Longman Private Limited, Zed Books Ltd and Third World Network

Published in association with the United Nations 

(ISBN: 978 1 84277 881 4)

Year: 2007        No. of pages: 384

ABOUT THE BOOK

Unlike 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 China, India and others in East Asia, implying the expansion of the ‘middle income’ category.

         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 Columbia University.

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 Institute of Social Studies in The Hague and Professor of Development Economics at the Free University, Amsterdam.

Contents

Acknowledgements

Overview

1.   Explaining Growth Divergences

      JOSÉ ANTONIO OCAMPA, JOMO K.S. AND ROB VOS

2.   Mind the gaps: Economic Openness and Uneven Development

      RICHARD KOZUL-WRIGHT

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

      FRANCISCO RODRÍGUEZ

6.   Industrial Policy and Growth

      HELEN SHAPIRO

7.   Openness and Growth: What Have We Learned?

      FRANCISCO RODRIGUEZ

8.   Financial Development and Economic Growth: A Critical View

      E.V.K. FITZGERALD

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

Contributors

Index

PRICE

US$23.00 for First World Countries

US$18.00 for Third World Countries

RM42.00 for Malaysia

Prices are inclusive of postage costs by airmail.

How to Order the Book

Visit our TWN Online Bookshop or contact Third World Network at 131 Jalan Macalister, 10400 Penang, Malaysia.

Tel: 604-2266159

Fax: 604-2264505

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