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Title:Globalization and catching-up in emerging market economies PDF Logo
Authors:Kolodko, Grzegorz W.
Issue Date:2002
Series/Report no.:WIDER Discussion Papers // World Institute for Development Economics (UNU-WIDER) 2002/51
Abstract:The study discusses conditions and prospects for fast and durable growth in emerging market economies. In the course of history less than 30 nations have become rich and still more than 80 per cent of the world population lives in the middle and low-income countries, some of them in extreme poverty. It is true not only for the majority of economies traditionally considered as ‘developing countries’, but also for the new, post-socialist emerging markets. Thus the questions arise: what is the influence of globalization process on economic growth and how real are the prospects for these emerging markets to catch up with more advanced countries? What factors may contribute to sustained and rapid growth over the long term? The paper examines strategies that can help taking the contemporary wave of globalization to the advantage of fast growth of less advanced countries and hence containing the existing development gaps. – globalization ; emerging markets ; post-socialist transition ; growth ; development policy ; institutions
JEL:E37
F43
N10
O47
P24
P27
ISBN:929190225X
Document Type:Working Paper
Appears in Collections:WIDER Discussion Papers, United Nations University (UNU)

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