Growth Divergences

Growth Divergences: Explaining Differences in Economic Performance
Edited by Jose Antonio Ocampo, Jomo K.S. and Rob Vos
Published by Orient Longman, Zed Books and Third World Network in association with the United Nations.

Unlike the 1950s and 1960s, when the rising tide of economic growth lifted most economies, the last three decades have been characterised by a paradox of greater international economic integration as well as divergent economic growth performances.

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 in countries. Several chapters critically review recent misleading claims and the conventional wisdom regarding the relationship of trade liberalisation, financial development, development, aid, infrastructure spending, violent conflict, good governance and industrial policy to economic growth.

THE HINDU, 29 April 2008