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Why the convergence between rich and poor economies has slowed
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Topic: Why the convergence between rich and poor economies has slowed (Read 615 times)
Napodano
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PFM Member
Posts: 682
Why the convergence between rich and poor economies has slowed
«
on:
September 12, 2014, 08:17:43 GMT »
The Economist's article is available at
http://www.economist.com/news/briefing/21616891-ten-years-ago-developing-economies-were-catching-up-developed-ones-remarkably-quickly-it?fsrc=nlw
It make a great read:
'The past 15 years have changed perceptions regarding just what is possible. But they also deceived people into thinking broad convergence is the natural way of things. It looks like the world is now being reminded that catching up is hard to do'.
This analysis should be in the mind of anyone dealing with post-2015 MDG agenda!
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John Short
Global Moderator
PFM Member
Posts: 571
Re: Why the convergence between rich and poor economies has slowed
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Reply #1 on:
September 12, 2014, 08:45:46 GMT »
Strong on trade and infrastructure but the word - or should I say two words
good policy
- are not mentioned but may be inferred, but why not be direct? What about good budget formulation – included in good policy?
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Napodano
Administrator
PFM Member
Posts: 682
Re: Why the convergence between rich and poor economies has slowed
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Reply #2 on:
September 12, 2014, 09:41:05 GMT »
the article includes direct references to good governance and institutions, even though there is no data analysis on this important variable.
It would be nice to compare countries growth with the Governance indicators by the World Bank
http://info.worldbank.org/governance/wgi/index.aspx#home
. I am sure someone did it already!
«
Last Edit: September 12, 2014, 12:25:45 GMT by Napodano
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John Short
Global Moderator
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Posts: 571
Re: Why the convergence between rich and poor economies has slowed
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Reply #3 on:
September 12, 2014, 11:58:46 GMT »
................but it would have been better to have put that in the context of good policy - the word policy did not appear in the article or at least I did not see it.
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Why the convergence between rich and poor economies has slowed