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:
GDP
TAX
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
id okr-10986-3554
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic 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
spellingShingle 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
Harrison, Ann
Sepulveda, Claudia
Learning from Developing Country Experience : Growth and Economic Thought Before and After the 2008–09 Crisis
geographic_facet The World Region
The World Region
relation Policy Research working paper ; no. WPS 5752
description 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.
format Publications & Research :: Policy Research Working Paper
author Harrison, Ann
Sepulveda, Claudia
author_facet Harrison, Ann
Sepulveda, Claudia
author_sort Harrison, Ann
title Learning from Developing Country Experience : Growth and Economic Thought Before and After the 2008–09 Crisis
title_short Learning from Developing Country Experience : Growth and Economic Thought Before and After the 2008–09 Crisis
title_full Learning from Developing Country Experience : Growth and Economic Thought Before and After the 2008–09 Crisis
title_fullStr Learning from Developing Country Experience : Growth and Economic Thought Before and After the 2008–09 Crisis
title_full_unstemmed Learning from Developing Country Experience : Growth and Economic Thought Before and After the 2008–09 Crisis
title_sort learning from developing country experience : growth and economic thought before and after the 2008–09 crisis
publishDate 2012
url 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
_version_ 1764387193900498944
spelling okr-10986-35542021-04-23T14:02:10Z Learning from Developing Country Experience : Growth and Economic Thought Before and After the 2008–09 Crisis Harrison, Ann Sepulveda, Claudia 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 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. 2012-03-19T18:04:32Z 2012-03-19T18:04:32Z 2011-08-01 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 English Policy Research working paper ; no. WPS 5752 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region