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India and others in East Asia, implying
the expansion of the ‘middle income’ category.
This volume of analytical studies seeks to explain
these major differences in economic performance
in recent decades by considering the dynamics
of international economic growth, diverging
growth rates, economic structures, and sources
of demand, successes and collapses in the developing
world, recent episodes of real income stagnation
of countries. Several chapters critically review
recent misleading claims and the conventional
wisdom regarding the relationship of trade liberalization,
financial development, development, aid, infrastructure
spending, violent conflict, good governance
and industrial policy to economic growth.
About the Authors
Jose Antonio Ocampo
was United Nations Under-Secretary-General for
Economic and Social Affairs from September 2003
until June 2007. He is currently a professor
at Columbia University.
Jomo K.S. has been
Assistant Secretary General for Economic Development
in the United Nations Department of Economic
and Social Affairs (DESA) since January 2005.
Rob Vos is Director
of the Development Policy and Analysis Division
at the Department of Economic and Social Affairs
of the United Nations. He is also an affiliate
Professor of Finance and Development at the
Institute of Social Studies in The Hague and
Professor of Development Economics at the Free
University, Amsterdam.
Table of Contents
Acknowledgements
Overview
1. Explaining Growth Divergences
JOSÉ ANTONIO OCAMPA,
JOMO K.S. AND ROB VOS
2. Mind the gaps: Economic Openness and Uneven
Development
RICHARD KOZUL-WRIGHT
3. Productive Structure and Effective Demand
during the Great Divergence: Regional Contracts
CODRINA RADA AND LANCE TAYLOR
4. Explaining the Dual Divergence: The Role
of External Shocks and Specialization Patterns
JOSÉ ANTONIO
OCAMPA AND MARÍA ANGELA PARRA
5. Growth Empirics in a Complex World: A Guide
for Applied Economists and Policymakers
FRANCISCO RODRÍGUEZ
6. Industrial Policy and Growth
HELEN SHAPIRO
7. Openness and Growth: What Have We Learned?
FRANCISCO RODRIGUEZ
8. Financial Development and Economic Growth:
A Critical View
E.V.K. FITZGERALD
9. Aid Does Matter After All: Revisiting the
Relationship between Aid and Growth
CAMELLA MINOIU AND SANJAY
G. REDDY
10. Have Collapses in Infrastructure Spending
Led to Cross-Country Divergence in Per Capita
GDP?
FRANCISCO RODRIGUEZ
11. Governance, Economic Growth and Development
since the 1960s
MUSHTAQ H. KHAN
12. The Conflict-Growth Nexus and the Poverty
of Nations
SYED MANSOOB MURSHED
Contributors
Index
May 17, 2008.
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