Toward a Switchover of Locomotives in the Global Economy

 

Otaviano Canuto

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.

Toward a Switchover of Locomotives in the Global Economy. Economic Premise No. 33, September 2010.

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