Financial Crisis of 2008 and Shifting Economic Power Is there Convergence
Published By: RIS Research and Information System for Developing | Published Date: September, 01 , 2013This paper analyses shifts in economic power over the last almost five decades. Developing countries and regions have increased their share of incremental world income and incremental world exports over this period. The GDP of most of the large developing countries has increased relative to that of the US but far fewer have increased their relative per capita GDP suggesting slow rates of growth of productivity and limited structural change of shift in economic activity from low productivity
to high productivity sectors.
Author(s): Manmohan Agarwal, Sayan Samanta | Posted on: Jan 21, 2016 | Views() | Download (83)