Free Download Globalization and Growth in the Twentieth Century Online Book PDF

Free Download Globalization and Growth in the Twentieth Century Book PDF

ByMr. N. F. R. Crafts

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“A book is a device to ignite the imagination.” -Alan Bennett

Synopsis

This paper reviews the experience of economic growth during the twentieth century with a view to highlighting implications for both growth economists and policy-makers. The unprecedented divergence in income levels between the OECD economies and many developing countries is documented but so too is a more optimistic picture of widespread progress in terms of the Human Development Index. Various aspects of the changes in economic structure are explored in terms of their implications for growth performance both in retrospect and prospect. The possibility that the growth process will lead to another globalization backlash reminiscent of the 1930s is analyzed.