From Falling Behind To Catching Up
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From Falling Behind To Catching Up
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Author : Richard Record
language : en
Publisher: World Bank Publications
Release Date : 2017-11-22
From Falling Behind To Catching Up written by Richard Record and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-22 with Business & Economics categories.
Despite decades of development efforts supported by significant amounts of foreign aid, Malawi has experienced weak and volatile economic growth performance over a sustained period of time. Malawi’s growth remains an outlier even compared to its geographically and demographically similar peers. Moreover, growth has been distributed unequally, with little impact on poverty. Per capita income has improved only minimally in the 50 years since independence, and Malawi now has one of the lowest per capita incomes in the world. From Falling Behind to Catching Up aims to improve readers’ understanding of the puzzle of Malawi’s development performance and identify ways for the country to achieve robust growth and stay on a stable growth path that helps the poor. The book places a strong emphasis on assessing Malawi’s growth experience since independence from a comparative international perspective. It seeks to benchmark Malawian outcomes on growth, structural change, and transformation against peers and explores possible reasons for divergence from international trends. The book also puts deeper drivers of economic growth at the center of the discussion, looking in particular at the institutions and policies that may have affected Malawi’s growth outcomes and ones that could help Malawi avoid macroeconomic instability in the future. This book first begins by discussing Malawi’s macroeconomic situation and challenges in fiscal management, reviewing and drawing lessons from the instability, slippages, and shocks Malawi has experienced since independence. Second, given how critical the agricultural sector is to poverty reduction in Malawi, the overview explores the current state of agricultural markets. Third, looking at the factors that may constrain higher growth in the future, challenges in private sector development and job creation are discussed. Finally, building on the analysis of challenges, the book concludes with a summary of policy recommendations aimed at helping Malawi begin catching up with its peers.
From Falling Behind To Catching Up
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Author : Richard Record
language : en
Publisher:
Release Date : 2009
From Falling Behind To Catching Up written by Richard Record and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Malawi categories.
Despite decades of development efforts supported by significant amounts of foreign aid, Malawi has experienced weak and volatile economic growth performance over a sustained period of time. Malawi's growth remains an outlier even compared to its geographically and demographically similar peers. Moreover, growth has been distributed unequally, with little impact on poverty. Per capita income has improved only minimally in the 50 years since independence, and Malawi now has one of the lowest per capita incomes in the world. From Falling Behind to Catching Up aims to improve readers' understanding of the puzzle of Malawi's development performance and identify ways for the country to achieve robust growth and stay on a stable growth path that helps the poor. The book places a strong emphasis on assessing Malawi's growth experience since independence from a comparative international perspective. It seeks to benchmark Malawian outcomes on growth, structural change, and transformation against peers and explores possible reasons for divergence from international trends. The book also puts deeper drivers of economic growth at the center of the discussion, looking in particular at the institutions and policies that may have affected Malawi's growth outcomes and ones that could help Malawi avoid macroeconomic instability in the future. This book first begins by discussing Malawi's macroeconomic situation and challenges in fiscal management, reviewing and drawing lessons from the instability, slippages, and shocks Malawi has experienced since independence. Second, given how critical the agricultural sector is to poverty reduction in Malawi, the overview explores the current state of agricultural markets. Third, looking at the factors that may constrain higher growth in the future, challenges in private sector development and job creation are discussed. Finally, building on the analysis of challenges, the book concludes with a summary of policy recommendations aimed at helping Malawi begin catching up with its peers.
Catching Up And Falling Behind
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Author : David A. Dyker
language : en
Publisher: Imperial College Press
Release Date : 2004
Catching Up And Falling Behind written by David A. Dyker and has been published by Imperial College Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Political Science categories.
In this collection of essays David A Dyker explores some of the mostdifficult and fascinating aspects of the process of transition fromautocratic real socialism to a capitalism that is sometimesdemocratic, sometimes authoritarian. The stress is on the economicdimension of transformation, but the author sets the economic dramafirmly within a political economy framework and a historicalperspective. Trends in key economic variables are analysed against thebackground of the struggle between different social and politicalgroups for power and command over resources. While the book pays dueattention to topical issues like EU enlargement, the underlyingperspective is a long-term one. Transition is viewed not as a set ofonce-and-for-all institutional changes or a process of short-termstabilisation, but as a historic opportunity to solve the inheritedproblem of poverty and underdevelopment in Central-East Europe and theformer Soviet Union. The book ends with a critical assessment of howeconomics, as a discipline, has coped with the challenge of thathistoric opportunity.
Catching Up Forging Ahead And Falling Behind
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Author : Moses Abramovitz
language : en
Publisher:
Release Date : 1986
Catching Up Forging Ahead And Falling Behind written by Moses Abramovitz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with categories.
Catching Up Or Falling Behind
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Author : Shuhe Li
language : en
Publisher:
Release Date : 1998
Catching Up Or Falling Behind written by Shuhe Li and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
This paper addresses the question of why some followers catch up to the leader while others fall behind. We first summarize a set of stylized facts of the world economic growth and development. Then a leader-follower model is built to match these facts. A key hypothesis is that how fast a follower can learn from the leader depends on its own knowledge of capital stock, the distance from the leader's technology frontier, and the efforts it puts into learning as well as its learning capability. The results match the stylized facts very well. Conditional convergence of output per capita across countries can be derived from our model. We have demonstrated that the growth rate of the follower tends to converge to the leader's, and hence, given a leader, all economies tend to converge to the same growth rate. A follower would catch up (fall behind) the leader if its learning capability is above (below) a critical level.
Falling Behind Or Catching Up
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Author : Erich Gundlach
language : en
Publisher:
Release Date : 1996
Falling Behind Or Catching Up written by Erich Gundlach and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Developing countries categories.
Catching Up Or Falling Behind
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Author : Shuhe Li
language : en
Publisher:
Release Date : 1995
Catching Up Or Falling Behind written by Shuhe Li and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Comparative economics categories.
Unequal Development And Capitalism
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Author : Adalmir Antonio Marquetti
language : en
Publisher: Taylor & Francis
Release Date : 2024-06-03
Unequal Development And Capitalism written by Adalmir Antonio Marquetti and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-06-03 with Business & Economics categories.
Unequal development has been a defining characteristic of capitalism. Throughout history, countries and regions have exhibited differences in labor productivity growth – a key determinant in poverty reduction and development – and although some nations may catch up with the productivity levels or well-being of developed economies at times, others fall behind. This book explores these processes of catching up and falling behind of developing countries from Asia, Latin America, Central and Eastern Europe, and Africa in relation to the US economy from 1970 to 2019. The research presented in this book integrates a historical interpretation of post-World War II capitalism with economic theory and empirical analysis. By exploring the historical experiences of these countries, the book provides an overview of their economic transformations. The interplay between technical change, profit rate and capital accumulation, on one hand, and institutional change, on the other, are combined to explain the dynamics of catching up or falling behind in labor and capital productivities. Furthermore, the book provides, from the perspective of developing countries, fundamental lessons for the implementation of successful strategies for catching up and development. This book is a major resource for readers interested in economic growth and development, heterodox macroeconomics, development economics, and related areas.
China S Technological Leapfrogging And Economic Catch Up
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Author : Keun Lee
language : en
Publisher: Oxford University Press
Release Date : 2022-01-27
China S Technological Leapfrogging And Economic Catch Up written by Keun Lee and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-27 with Business & Economics categories.
After the miraculous economic growth known as the Beijing Consensus, China is now facing a slowdown. The attention has moved to the issue of the middle income trap. This book deals with this interesting issue in the context of China. It also discusses China's limitations and future prospects, especially after the rise of a new cold war between China and the US, namely the question of whether China would fall into another trap called the Thucydides trap, or conflict with the existing hegemon as a rising power. In sum, this book plays around three key terms, namely, the Beijing Consensus, the Middle Income Trap, and the Thucydides trap, and applies a Schumpeterian approach to these concepts. It also conducts a comparative analysis that examines China from an economic catch-up perspective. An economic catch-up starts from learning and imitating a forerunner, but finishing the race successfully requires taking a different path along the road. This act is also known as leapfrogging, which implies a latecomer doing something different from, and often ahead of, a forerunner. Technological leapfrogging may lead to technological catch-up, which means reducing the technological gap, and then finally to economic catch-up in living standards (per capita income) and economic size (GDP: economic power). This linkage from technological leapfrogging and catch-up to economic catch-up corresponds exactly with a similar linkage from the Beijing Consensus to escaping (or not) the middle income and the Thucydides traps. One conclusion from this book is that China's successful rise as a global industrial power has been due to its strategy of technological leapfrogging, which has enabled China to move beyond the middle income trap and possibly the Thucydides trap, although at a slower speed.
The Dynamics Of Economic Growth
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Author : Vu Minh Khuong
language : en
Publisher: Edward Elgar Publishing
Release Date : 2013-11-29
The Dynamics Of Economic Growth written by Vu Minh Khuong and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-29 with Business & Economics categories.
The advancement of a nation from poverty to prosperity is not a technical process but a great transformation. At the center of this change are two driving forces _ emotion, which is referred to as aspiration, anxiety, and sense of responsibility; and e