Dallas Public Library

The next convergence, the future of economic growth in a multispeed world, Michael Spence

eng

Includes bibliographical references and index

illustrations

index present

non fiction

The next convergence

bibliography

Michael Spence

the future of economic growth in a multispeed world

pt. 1. The global economy and developing countries. 1950: the start of a remamarkable century ; Static views of a changing world ; Postwar changes in the global economy ; The origins of the global economy ; Economic growth ; Common questions about the developing world and the global economy -- pt. 2. Sustained high growth in the developing world. The high growth developing countries in the post-war period ; The opening of the global economy ; Knowledge transfer and catch-up growth in developing countries ; Global demand and catch-up growth ; The internal dynamics of sustained high growth ; Key internal ingredients of sustained high growth recipes ; Opening up : an issue of speed and sequencing ; The Washington consensus and the role of government ; Managing one's currency in the course of growth ; The middle-income transition ; The political, leadership, and the governance underpinnings of growth ; Low-growth economies in the developing world ; Natural resource wealth and growthThe challenge for small states ; The adding-up problem -- pt. 3. The crisis and its aftermath. Emerging markets during and after the global crisis ; Instability in the global economy and lessons from the crisis ; Stimulus in the crisis and the need for cooperative behavior Rebalancing the global economy and its consequences for growth ; The excess-savings challenge in China ; The openness of the global system and the WTO ; Legacies of the crisis : slow growth and sovereign-debt issues in advanced countries ; Periodic systemic risk and investment behavior -- pt. 4. The future of growth. Can the emerging economies sustain high growth? ; China and India ; China's structural challenges ; India's growth, diversification and urbanization ; Brazil's growth reset ; Energy and growth ; The challenge of climate change and developing-country growth ; Information technology and the integration of the global economy ; European integration and transnational governance ; Global governance in a multispeed world ; The G20, the advanced countries, and global growth ; Sustaining growth : the second half century of convergence

Future of economic growth in a multispeed world