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Globalization and Growth in The Twentieth Century

Nicholas Crafts

University of Warwick; Centre for Economic Policy Research (CEPR)

March 2000

IMF Working Paper No. 00/44

This paper reviews the experience of economic growth during the twentieth century with a view to highlighting implications for both growth economists and policy-makers. The unprecedented divergence in income levels between the OECD economies and many developing countries is documented but so too is a more optimistic picture of widespread progress in terms of the Human Development Index. Various aspects of the changes in economic structure are explored in terms of their implications for growth performance both in retrospect and prospect. The possibility that the growth process will lead to another globalization backlash reminiscent of the 1930s is analyzed.

Number of Pages in PDF File: 76

Keywords: Growth, convergence, globalization

JEL Classification: N10, F43, O10

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Date posted: January 30, 2006  

Suggested Citation

Crafts, Nicholas, Globalization and Growth in The Twentieth Century (March 2000). IMF Working Paper, Vol. , pp. 1-76, 2000. Available at SSRN: https://ssrn.com/abstract=879431

Contact Information

Nicholas Crafts (Contact Author)
University of Warwick ( email )
Gibbet Hill Rd.
Coventry, West Midlands CV4 8UW
United Kingdom
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
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