Learning from Developing Country Experience : Growth and Economic Thought Before and After the 2008–09 Crisis

The aim of this paper is twofold. First, it documents the changing global landscape before and after the crisis, emphasizing the shift towards multipolarity. In particular, it emphasizes the ascent of developing countries in the global economy befo...

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Bibliographic Details
Main Authors:	Harrison, Ann, Sepulveda, Claudia
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCOUNTING ADVANCED ECONOMIES AGRICULTURAL PRODUCTIVITY AGRICULTURE ALLOCATION OF RESOURCES ANNUAL GROWTH BACKED SECURITIES BANK LOANS BANKING SYSTEM BINDING CONSTRAINTS BORROWER CAPITAL FLOWS CENTRAL BANK CIVIL SOCIETY CIVIL SOCIETY ORGANIZATIONS COMMODITY COMMODITY PRICES COMPARATIVE ADVANTAGE CREDIBILITY CURRENCY CURRENCY MISMATCHES DEMAND FOR FOOD DEMOGRAPHIC DEMOGRAPHIC IMBALANCES DEPOSIT DEPOSIT INSURANCE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING WORLD DEVELOPMENT ECONOMICS DEVELOPMENT EFFORTS DEVELOPMENT INDICATORS DEVELOPMENT POLICIES DEVELOPMENT POLICY DEVELOPMENT REPORT DISASTER PREPAREDNESS DIVERSIFICATION ECONOMIC CHANGES ECONOMIC COOPERATION ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC OPPORTUNITIES ECONOMIC OPPORTUNITY ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC POWER ECONOMIC REFORM ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMIC STUDIES ECONOMIC THOUGHT ECONOMICS RESEARCH EMERGING ECONOMIES EMPIRICAL EVIDENCE EQUAL ACCESS EQUALITY OF OPPORTUNITY EXCHANGE RATE EXCHANGE RATES EXPORT MARKETS EXPORT SHARES EXPORT SUBSIDIES EXPORTS EXPOSURE EXTERNALITIES FAMILY MEMBERS FEDERAL RESERVE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL SERVICES FISCAL POLICIES FISCAL POLICY FOOD PRICE FOOD PRICES FOOD SECURITY FORECASTS FOREIGN INVESTMENT FOREIGN INVESTORS GDP GDP PER CAPITA GENDER DIFFERENCES GENDER DISPARITIES GENDER EQUITY GENDER GAP GLOBAL DEVELOPMENT GLOBAL ECONOMIC LANDSCAPE GLOBAL ECONOMIC PROSPECTS GLOBAL ECONOMY GLOBAL ENVIRONMENT GLOBALIZATION GOVERNMENT EXPENDITURES GOVERNMENT POLICY GOVERNMENT SPENDING GROWTH PERFORMANCE GROWTH PROCESS GROWTH PROSPECTS GROWTH RATE GROWTH RATES HEALTH SERVICES HIGH GROWTH HIGH INCOME COUNTRIES HUMAN CAPITAL HUMAN DEVELOPMENT INCOME INCOME TAX INCOMES INDIVIDUAL FIRM INDUSTRIAL DEVELOPMENT INDUSTRIAL POLICY INDUSTRIAL PRODUCTION INEQUITIES INFLATION INFORMATION TECHNOLOGY INFRASTRUCTURE PROVISION INSURANCE POLICIES INTERNATIONAL BANK INTERNATIONAL COMPETITION INVESTING JOINT VENTURE LEADING INDICATORS LIBERALIZATION LIQUIDITY LOCAL COMMUNITY LONG RUN LOW-INCOME COUNTRIES MACROECONOMIC POLICIES MACROECONOMICS MARKET PRICES MICROFINANCE MIGRATION MULTILATERAL TRADE NATIONAL LEVELS NATURAL DISASTERS NATURAL RESOURCES NEGATIVE IMPACT OUTPUT PER CAPITA GROWTH POLICY DISCUSSION POLICY DISCUSSIONS POLICY MAKERS POLICY MEASURES POLICY REFORMS POLICY RESEARCH POLICY RESEARCH WORKING PAPER POLITICAL DECISION POLITICAL ECONOMY POLITICAL LEADERSHIP POLITICAL OPPOSITION POLITICAL PARTICIPATION POOR PEOPLE POPULATION GROWTH POVERTY ALLEVIATION POVERTY REDUCTION POWER PARITY PRICE SUBSIDIES PRO-POOR PRODUCTIVITY GROWTH PROGRESS PROTECTIONISM PUBLIC INVESTMENT PUBLIC POLICIES PUBLIC SERVICE PUBLIC-PRIVATE PARTNERSHIPS PURCHASING POWER PURCHASING POWER PARITY RAPID DEVELOPMENT RAPID GROWTH RATES OF GROWTH RECIPIENT COUNTRIES REDUCING GENDER INEQUALITY REDUCING POVERTY REGULATORY FRAMEWORK REMITTANCES RESEARCH COMMUNITY RESEARCH EFFORTS RESERVES RESOURCE ALLOCATION RETURN RISK MANAGEMENT SAFETY NETS SERVICE DELIVERY SERVICE PROVIDERS SERVICE PROVISION SKILLED WORKERS SKILLS DEVELOPMENT SOCIAL COSTS SOCIAL POLICIES SOCIAL PROTECTION SOCIAL SAFETY NETS SOCIAL SECTOR SOCIAL SECTORS SOCIAL SERVICES SOCIAL SPENDING SPILLOVER STRUCTURAL CHANGE SUSTAINABLE DEVELOPMENT TAX TAX BREAKS TECHNOLOGICAL ADVANCES TELECOMMUNICATIONS TRADE POLICY TRADE VOLUMES VULNERABILITY VULNERABLE GROUPS WARS WEALTH WORKFORCE WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WTO
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110907131749 http://hdl.handle.net/10986/3554

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Summary:	The aim of this paper is twofold. First, it documents the changing global landscape before and after the crisis, emphasizing the shift towards multipolarity. In particular, it emphasizes the ascent of developing countries in the global economy before, during, and after the crisis. Second, it explores what these global economic changes and the recent crisis imply for shifts in the direction of research in development economics. The paper places a particular emphasis on the lessons that developed countries can learn from the developing world.

Learning from Developing Country Experience : Growth and Economic Thought Before and After the 2008–09 Crisis

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