Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/161547
Authors: 
Nayyar, Deepak
Year of Publication: 
2016
Series/Report no.: 
WIDER Working Paper 2016/102
Abstract: 
This paper outlines the contours of global economic development, since 1980, to analyse underlying factors and consider future implications. The increased economic significance of developing countries, reflected in their share of world output, manufacturing and trade, is striking. But development, driven by rapid economic growth, has been most uneven. It is concentrated in a few economies, the Next-14, which have led the catch-up process. Their similarities - initial conditions, enabling institutions and supportive governments - suggest lessons for latecomers. Their experience shows that there are alternative paths to development, rather than unique solutions, so that one-size-does-not-fit-all and there are choices to be made. And it is clear that inclusive societies alone can sustain rapid growth and transform it into development that improves the wellbeing of their people.
Subjects: 
global economy
inclusive growth
transformation
development
ISBN: 
978-92-9256-146-8
Document Type: 
Working Paper

Files in This Item:
File
Size
544.21 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.