Next Convergence The Future of Economic Growth in a Multispeed World

ISBN-10: 1250007704

ISBN-13: 9781250007704

Edition: 2012

Authors: Michael Spence

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With the British Industrial Revolution, the West began to experience extraordinary economic growth - leading to enormous gaps in wealth and living standards between the industrialized West and the rest of the world. Yet after World War II, this pattern reversed, launching a trend towards economic convergence that will reshape the world. In The Next Convergence, the Nobel Prize-winning economist Michael Spence explains the reasons for this dramatic shift, and its fortune for advanced countries as well as for the five billion people living in the developing world. Spence boldly and clearly describes what's at stake for all of us over the next fifty years, and the path to both short and long-term sustainability for all.
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Book details

List price: $26.00
Copyright year: 2012
Publisher: Picador
Publication date: 8/7/2012
Binding: Paperback
Pages: 320
Size: 5.50" wide x 8.50" long x 0.71" tall
Weight: 0.616
Language: English

Michael Spence, co-recipient of the 2001 Nobel Prize in Economics, is Professor Emeritus of Management at Stanford University's Graduate School of Business and Professor of Economics at New York University's Stern School of Business. He served as Chairman of the Commission on Growth and Development from 2006 to 2010 (the life of the commission). He is the author of The Next Convergence: The Future of Economic Growth in a Multispeed World.

The Global Economy and Developing Countries
1950: The Start of a Remarkable Century
Static Views of a Changing World
Postwar Changes in the Global Economy
The Origins of the Global Economy
Economic Growth
Common Questions About the Developing World and the Global Economy
Sustained High Growth in the Developing World
The High-Growth Developing Countries in the Postwar Period
The Opening of the Global Economy
Knowledge Transfer and Catch-up Growth in Developing Countries
Global Demand and Catch-up Growth
The Internal Dynamics of Sustained High Growth
Key Internal Ingredients of Sustained High-Growth Recipes
Opening Up: An Issue of Speed and Sequencing
The Washington Consensus and the Role of Government
Managing One's Currency in the Course of Growth
The Middle-Income Transition
The Political, Leadership, and Governance Underpinnings of Growth
Low-Growth Economies in the Developing World
Natural Resource Wealth and Growth
The Challenge for Small States
The Adding-Up Problem
The Crisis and its Aftermath
Emerging Markets During and After the Global Crisis
Instability in the Global Economy and Lessons from the Crisis
Stimulus in the Crisis and the Need for Cooperative Behavior
Rebalancing the Global Economy and Its Consequences for Growth
The Excess-Savings Challenge in China
The Openness of the Global System and the WTO
Legacies of the Crisis: Slow Growth and Sovereign-Debt Issues in Advanced Countries
Periodic Systemic Risk and Investment Behavior
The Future of Growth
Can the Emerging Economies Sustain High Growth?
China and India
China's Structural Challenges
India's Growth, Diversification, and Urbanization
Brazil's Growth Reset
Energy and Growth
The Challenge of Climate Change and Developing-Country Growth
Information Technology and the Integration of the Global Economy
European Integration and Transnational Governance
Global Governance in a Multispeed World
The G20, the Advanced Countries, and Global Growth
Sustaining Growth: The Second Half Century of Convergence
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