Read more about the article Introduction – The Great Recession and Developing Countries : Economic Impact and Growth Prospects

Introduction – The Great Recession and Developing Countries : Economic Impact and Growth Prospects

While globalization has been a powerful engine of economic growth over the past three decades, it has also posed new problems and challenges, especially for international economic policy coordination. In the past decade, the large and rapid increases in trade, remittances, and international financial flows across borders have been a strong incentive for economic growth, not only in East and South Asia but also in Latin America and Sub-Saharan Africa. And rapid and sustained economic growth in several low- and middle-income economies has been steadily altering the economic weights of different regions in the world economy.

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Read more about the article The Day After Tomorrow: A Handbook on the Future of Economic Policy in the Developing World

The Day After Tomorrow: A Handbook on the Future of Economic Policy in the Developing World

While the rich world puts its house in order, developing countries are becoming a new engine of global growth and a pulling force for advanced economies, says a new book by World Bank economists. According to The Day After Tomorrow: A Handbook on the Future of Economic Policy in the Developing World, almost half of global growth is currently coming from developing countries. As a group, it is projected that their economic size will surpass that of their developed peers in 2015.

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Read more about the article Technological Learning and Innovation: Climbing a Tall Ladder

Technological Learning and Innovation: Climbing a Tall Ladder

As the global stock of ideas expands and diffuses across and within countries, technological learning is poised to become an even more important determinant of growth through its impact on innovation. This note reviews global trends that make a policy focus on technological learning and innovation more important than ever for developing countries. The note explores how the recent global financial crisis may affect these trends and outlines several implications of these trends for innovation policy moving forward. Developing countries would benefit from an increased policy emphasis on technological learning and the adoption of more efficient existing technologies to generate more and better jobs and higher standards of living.

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Read more about the article Toward a Switchover of Locomotives in the Global Economy

Toward a Switchover of Locomotives in the Global Economy

The recovery in advanced economies is now exhibiting several signs of fragility and the medium-term growth prospects for these economies also look difficult. Could developing economies “switch over” to become locomotives in the global economy, providing a countervailing force against downward trends? The view taken here says, yes, as long as appropriate domestic policies and reforms are pursued in developing countries.

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Read more about the article Paul Collier and his Plundering Planet: When Both Economists and Environmentalists Don’t Get it Right

Paul Collier and his Plundering Planet: When Both Economists and Environmentalists Don’t Get it Right

  Do you remember The Bottom Billion, Paul Collier’s 2007 book which became a classic? If you do, you will certainly like his latest work, The Plundered Planet. He came to launch…

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