Bericht

The staggering rise of the South?

This paper argues that the unprecedented acceleration of growth in the developing world in the new millennium in comparison with advanced economies is due not so much to improvements in underlying fundamentals as to exceptionally favourable global economic conditions, shaped mainly by unsustainable policies in advanced economies. The only developing economy which has had a major impact on global conditions, notably on commodity prices, is China. However, growth in China has been driven first by a rapid expansion of exports to advanced economies and more recently, after the global crisis, by an investment boom, neither of which is replicable or sustainable over the longer term. To maintain a rapid growth, export-led Asian economies need to reduce their dependence on foreign markets. For Latin American and African commodity exporters, gaining greater autonomy and achieving rapid and stable growth depend on their success in reducing reliance on capital flows and commodity earnings - the two key determinants of their growth which are largely beyond national control.

Sprache
Englisch

Erschienen in
Series: Research Paper ; No. 44

Klassifikation
Sozialwissenschaften, Soziologie, Anthropologie

Ereignis
Geistige Schöpfung
(wer)
Akyüz, Yılmaz
Ereignis
Veröffentlichung
(wer)
South Centre
(wo)
Geneva
(wann)
2012

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Bericht

Beteiligte

  • Akyüz, Yılmaz
  • South Centre

Entstanden

  • 2012

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