Learning from Developing Country Experience: Growth and Economic Thought Before and after the 2008-09 Crisis
29 Pages Posted: 20 Apr 2016
Date Written: August 1, 2011
The aim of this paper is twofold. First, it documents the changing global landscape before and after the crisis, emphasizing the shift towards multipolarity. In particular, it emphasizes the ascent of developing countries in the global economy before, during, and after the crisis. Second, it explores what these global economic changes and the recent crisis imply for shifts in the direction of research in development economics. The paper places a particular emphasis on the lessons that developed countries can learn from the developing world.
Keywords: Achieving Shared Growth, Emerging Markets, Population Policies, Economic Theory & Research, Debt Markets
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