The Day After Tomorrow: Growth Switchover
It is becoming common wisdom that developing countries are doing well while the rich world is stuck in long-overdue austerity. Barring another subprime crisis (this time, in public debt),…
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.
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.
Inter-American Dialogue – Latin America Economic Growth
JULY 6, 2010 Latin America Economic Growth Panelists talked about the future of Latin America’s economy and whether Latin America’s prospects would remain dependent on the fortunes of the industrialized countries…
Challenges in the coming phase of globalisation: A sense of déjà vu
Otaviano Canuto, José Manuel Salazar 28 June 2010 (VoxEU) Economic integration transmitted the negative shocks of the crisis to workers across the world. As the global economic recovery begins, this column…
Dealing with Dutch disease
Vox EU The recent boom in primary commodity prices has once more stimulated interest in the issue of “Dutch Disease” – the changes in a country’s structure of production expected…
The World’s Worst Economies
Jun 9, 2010 The World's Worst Economies Ghana has the world's largest manmade lake and the 1-gigawatt Aksombo Hydroelectric Plant, built to supply electricity to Africa's largest aluminum smelter.…
Recoupling or Switchover
The current recovery in advanced economies is now exhibiting several signs of fragility. Their medium term growth prospects also look difficult. In this environment two questions arise: Will developing…
The Role of Cultural Heritage in Poverty Reduction
We economists tend to see well-being, and poverty in particular, as a matter of finances and income. But fortunately, at least in the Bank, we have come a long…
On the relevance of trade for development
On the relevance of trade for development World Bank Trade Strategy tradewbvideo Published on May 5, 2010 https://youtu.be/FO5gudWN7EI
Subnational Debt Finance and the Global Financial Crisis
This note focuses on the impact of the global financial crisis on subnational debt financing. We approach the following questions: Why is subnational debt financing important? What are the impacts…
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…
No Safe Havens for Stolen Funds
Financial institutions must become a central part in efforts against theft to ensure there are no financial safe havens for stolen funds. They could begin by taking voluntary initiatives to show they are serious in ensuring that “corrupt money stays out of my bank!”
My Own View on Women
On Monday, the world marked International Women’s Day. As a husband and father of strong, wonderful women, I am always very much aware of the occasion. But as the Vice…
Export-Led Growth v2.0
The U.S. recession could hurt the South, particularly in oil and apparel exports, and Latin America and the Caribbean. But South-South trade is partly picking up the slack. Middle-income countries…