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The volume explores how the southern engines, China, India, Brazil, and South Africa are reshaping the world economy. It looks at their development experiences, and examines how these could provide useful lessons to the developing world
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While it is possible for economies to grow based on abundant land or natural resources, more often structural change-the shift of resources from low-productivity to high-productivity sectors-is the key driver of economic growth. Structural transformation is vital for Africa. The region's...
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reflecting on the future prospects in Asia over the next twenty-five years. Gunnar Myrdal published his magnum opus, Asian Drama …: An Inquiry into the Poverty of Nations, in 1968. He was deeply pessimistic about development prospects in Asia. The fifty … years since then have witnessed a remarkable social and economic transformation in Asia – even if it has been uneven across …
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