Shifting Patterns of Economic Growth and Rethinking Development

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dc.creatorLin, Justin Yifu
dc.creatorRosenblatt, David
dc.date2012-04-27T07:44:27Z
dc.date2012-04-27T07:44:27Z
dc.date2012-04
dc.date.accessioned2026-07-01T00:58:23Z
dc.descriptionThis paper provides an historical overview of both the evolution of the economic performance of the developing world and the evolution of economic thought on development policy. The 20th century was broadly characterized by divergence between high-income countries and the developing world, with only a limited number (less than 10 percent of the economies in the world) managing to progress out of lower or middle-income status to high-income status. The last decade witnessed a sharp reversal from a pattern of divergence to convergence --particularly for a set of large middle-income countries. The latter phenomenon was also driven by increasing economic ties among developing countries, and on the intellectual scale, increased knowledge generation and sharing among the developing countries. Re-thinking development policy implies confronting these realities: 20th century economic divergence, the experience of the handful of success stories, and the recent rise of the multi-polar growth world. The paper provides descriptive data and a literature survey to document these trends. The paper also provides a brief survey of the role of multilateral institutions -- in particular, the World Bank -- in this changing context and offers suggestions on how they can adapt their strategies to improve development outcomes.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2012/04/16233468/shifting-patterns-economic-growth-rethinking-development
dc.identifierhttps://hdl.handle.net/10986/6043
dc.identifierhttps://doi.org/10.1596/1813-9450-6040
dc.identifier.urihttp://hdl.handle.net/123456789/413701
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper ; No. 6040
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectADVANCED COUNTRIES
dc.subjectADVANCED COUNTRY
dc.subjectADVANCED ECONOMIES
dc.subjectAGRICULTURAL PRODUCTIVITY
dc.subjectAGRICULTURE
dc.subjectANNUAL GROWTH
dc.subjectAVERAGE GROWTH
dc.subjectBANK CREDIT
dc.subjectBANK LENDING
dc.subjectBANK MANAGEMENT
dc.subjectBANKRUPTCIES
dc.subjectBANKRUPTCY
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INTENSITY
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANKS
dc.subjectCLASSICAL ECONOMICS
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICES
dc.subjectCOMMUNICATION TECHNOLOGIES
dc.subjectCOMMUNICATION TECHNOLOGY
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPARATIVE ADVANTAGES
dc.subjectCOMPETITIVE ADVANTAGE
dc.subjectCOMPETITIVE MARKET
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER DEMAND
dc.subjectCONSUMERS
dc.subjectCOUNTRY INEQUALITY
dc.subjectDEBT
dc.subjectDEBT CRISIS
dc.subjectDEMOGRAPHIC
dc.subjectDEREGULATION
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPED WORLD
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPING ECONOMY
dc.subjectDEVELOPING REGIONS
dc.subjectDEVELOPING WORLD
dc.subjectDEVELOPMENT AGENCY
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICIES
dc.subjectDEVELOPMENT POLICY
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDISEQUILIBRIUM
dc.subjectDISTRIBUTION OF INCOME
dc.subjectDOMESTIC ECONOMIES
dc.subjectDYNAMIC ECONOMY
dc.subjectDYNAMIC EMERGING ECONOMIES
dc.subjectDYNAMIC EMERGING MARKETS
dc.subjectECONOMETRICS
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC POWER
dc.subjectECONOMIC POWERS
dc.subjectECONOMIC PROGRESS
dc.subjectECONOMIC RELATIONS
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC STRUCTURE
dc.subjectECONOMIC THEORIES
dc.subjectECONOMIC THEORY
dc.subjectECONOMIC THOUGHT
dc.subjectECONOMICS RESEARCH
dc.subjectECONOMIES OF SCALE
dc.subjectEDUCATION SYSTEMS
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectENTRY POINT
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPORT GROWTH
dc.subjectEXPORT PROCESSING ZONES
dc.subjectEXPORTS
dc.subjectEXTERNALITIES
dc.subjectFACTORS OF PRODUCTION
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL FLOW
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SUPPORT
dc.subjectFORECASTS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN FIRMS
dc.subjectFOREIGN INVESTORS
dc.subjectFREE MARKETS
dc.subjectFUTURE GROWTH
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL ECONOMIC LANDSCAPE
dc.subjectGLOBAL ECONOMIC PROSPECTS
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBALIZATION
dc.subjectGOVERNMENT INTERVENTIONS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectGROWTH THEORY
dc.subjectHEADCOUNT POVERTY
dc.subjectHIGH GROWTH
dc.subjectHIGH INCOME COUNTRIES
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINCOME GROWTH
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVELS
dc.subjectINCOMES
dc.subjectINDUSTRIALIZED COUNTRIES
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL MARKET
dc.subjectINTERNATIONAL RESERVES
dc.subjectINVESTMENT CLIMATE
dc.subjectJOINT VENTURES
dc.subjectKNOWLEDGE GENERATION
dc.subjectLIVING STANDARDS
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMANUFACTURING INDUSTRIES
dc.subjectMARKET ECONOMY
dc.subjectMARKET PRICES
dc.subjectMARXISM
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMIDDLE INCOME COUNTRY
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMULTILATERAL DEVELOPMENT
dc.subjectNATIONAL DEVELOPMENT
dc.subjectNATIONAL ECONOMY
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNEW PRODUCT
dc.subjectOPPORTUNITY COSTS
dc.subjectORGANIZATIONAL STRUCTURES
dc.subjectOUTPUT
dc.subjectOVERVALUATION
dc.subjectOVERVALUED EXCHANGE RATES
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPARTICULAR COUNTRY
dc.subjectPER CAPITA GROWTH
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY MAKERS
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL ECONOMY
dc.subjectPOVERTY ALLEVIATION
dc.subjectPREFERENTIAL ACCESS
dc.subjectPRICE CONTROLS
dc.subjectPRICE DECLINES
dc.subjectPRICE DISTORTIONS
dc.subjectPRIMARY PRODUCTS
dc.subjectPRIVATIZATION
dc.subjectPRODUCTIVITY
dc.subjectPROPERTY RIGHTS
dc.subjectPROTECTIONISM
dc.subjectPURCHASING POWER
dc.subjectRAPID GROWTH
dc.subjectRAPID INDUSTRIALIZATION
dc.subjectREGIONAL TRADE
dc.subjectRELATIVE INCOME
dc.subjectRELATIVE INCOMES
dc.subjectRENT SEEKING
dc.subjectRICH COUNTRIES
dc.subjectRURAL AREAS
dc.subjectSAVINGS
dc.subjectSMALLHOLDER AGRICULTURE
dc.subjectSOVEREIGN DEBT
dc.subjectSTANDARD DEVIATION
dc.subjectSTRUCTURAL BOTTLENECKS
dc.subjectSTRUCTURAL CHANGE
dc.subjectTAX
dc.subjectTAX BREAKS
dc.subjectTAX SYSTEM
dc.subjectTAXATION
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTECHNOLOGICAL INNOVATION
dc.subjectTECHNOLOGICAL PROGRESS
dc.subjectTHIRD WORLD
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE RELATIONS
dc.subjectTRADING SYSTEM
dc.subjectTRANSACTION COSTS
dc.subjectTRANSITION COUNTRIES
dc.subjectTRANSITION ECONOMIES
dc.subjectTREASURY
dc.subjectTREASURY SECURITIES
dc.subjectUNEMPLOYMENT
dc.subjectURUGUAY ROUND
dc.subjectVALUE ADDED
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWORLD ECONOMY
dc.subjectWTO
dc.titleShifting Patterns of Economic Growth and Rethinking Development

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