| dc.creator |
Patel, Dev |
|
| dc.creator |
Sandefur, Justin |
|
| dc.creator |
Subramanian, Arvind |
|
| dc.date |
2021-08-19T10:40:05Z |
|
| dc.date |
2021-08-19T10:40:05Z |
|
| dc.date |
2021-02-03 |
|
| dc.date.accessioned |
2022-05-26T08:48:13Z |
|
| dc.date.available |
2022-05-26T08:48:13Z |
|
| dc.identifier |
Patel, D.; Sandefur, J.; and Subramanian, A. (2021) The New Era of Unconditional Convergence. CGD Working Paper 566. Washington, DC: Center for Global Development. https://www.cgdev.org/publication/new-era-unconditionalconvergence |
|
| dc.identifier |
https://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/16802 |
|
| dc.identifier |
https://www.cgdev.org/publication/new-era-unconditional-convergence |
|
| dc.identifier.uri |
http://localhost:8080/xmlui/handle/CUHPOERS/198609 |
|
| dc.description |
The central fact that has motivated the empirics of economic growth—namely unconditional divergence—is no longer true and has not been so for decades. Across a range of data sources, poorer countries have in fact been catching up with richer ones, albeit slowly, since the mid-1990s. This new era of convergence does not stem primarily from growth moderation in the rich world but rather from accelerating growth in the developing world, which has simultaneously become remarkably less volatile and more persistent. Debates about a “middle-income trap” also appear anachronistic: middle-income countries have exhibited higher growth rates than all others since the mid-1980s. |
|
| dc.description |
Center for Global Development |
|
| dc.language |
en |
|
| dc.publisher |
Center for Global Development |
|
| dc.relation |
CGD Working Paper;566 |
|
| dc.rights |
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|
| dc.rights |
http://creativecommons.org/licenses/by/4.0/ |
|
| dc.rights |
Center for Global Development |
|
| dc.subject |
Economic Development |
|
| dc.subject |
Finance |
|
| dc.subject |
Globalisation |
|
| dc.subject |
Trade |
|
| dc.subject |
Work and Labour |
|
| dc.title |
The New Era of Unconditional Convergence |
|
| dc.type |
Other |
|