The next convergence : the future of economic growth in a multispeed world
Material type: TextPublication details: India Random House 2011Description: xiv;296pISBN: 9788184001884Subject(s): Economic development Sustainable development Financial crises Developing countries Economic policy International economic relations Globalization International cooperation DDC classification: 338.9 Summary: With the industrial revolution, part of the world’s population (europe, america, andjapan) started to experience extraordinary economic growth, yet four - fifths of humanity remainedmired in poverty. Till the second world war the world remained a profoundly unequal place. Then the pendulum began to swing the other way. Some countries, mainly in asia, started growing atunprecedented rates at about 7 percent a year. More recently, the two most populous countries in theworld — china and india — have begun to grow at rates close to 10 percent. This convergence between the developing and developed worlds — a revolution just as profound as the industrial revolution — is reshaping the world today, argues nobel prize - winning economist michael spence. Spence looks at what caused this dramatic shift, the implications of this new convergence, andthe challenges these growing economies face. He argues that maintaining the high growth rates in developing countries presents serious difficulties for them in governance, international coordination, and ecological sustainability. The implications for those living in the advanced countries are also great but little understood. The next convergence is big picture economics at its finest — a lucid, deeply intelligent analysis of the global economy and a riveting introduction to the most critical debates today.Item type | Current library | Call number | Status | Date due | Barcode |
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BK | Kannur University Central Library Stack | 338.9 SPE/N (Browse shelf (Opens below)) | Available | 53979 |
With the industrial revolution, part of the world’s population (europe, america, andjapan) started to experience extraordinary economic growth, yet four - fifths of humanity remainedmired in poverty. Till the second world war the world remained a profoundly unequal place. Then the pendulum began to swing the other way. Some countries, mainly in asia, started growing atunprecedented rates at about 7 percent a year. More recently, the two most populous countries in theworld — china and india — have begun to grow at rates close to 10 percent. This convergence between the developing and developed worlds — a revolution just as profound as the industrial revolution — is reshaping the world today, argues nobel prize - winning economist michael spence. Spence looks at what caused this dramatic shift, the implications of this new convergence, andthe challenges these growing economies face. He argues that maintaining the high growth rates in developing countries presents serious difficulties for them in governance, international coordination, and ecological sustainability. The implications for those living in the advanced countries are also great but little understood. The next convergence is big picture economics at its finest — a lucid, deeply intelligent analysis of the global economy and a riveting introduction to the most critical debates today.
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