UID:
almafu_9958074014602883
Format:
1 online resource (21 p.)
Edition:
1st ed.
ISBN:
9786613824684
,
9781462356881
,
1462356885
,
9781452723921
,
1452723923
,
9781283512237
,
1283512238
,
9781451908176
,
1451908172
Series Statement:
IMF Working Papers
Content:
This paper considers the long-run evolution of the world economy in a model where countries' opportunities to develop depend on their trade with advanced economies. As developing countries become advanced, they further improve trade opportunities for the remaining developing countries. Whether or not the world economy converges to widespread prosperity depends on the population growth differential between developing and advanced economies, the rate at which countries develop, and potentially on initial conditions. A calibration using historical data suggests that the long-run prospects for lagging developing regions, such as Africa, likely hinge on the sufficiently rapid development of China and India.
Note:
"January 2006."
,
""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""A. Evolution of the World Population""; ""B. Differences Across Countries""; ""III. A SIMPLE CALIBRATION""; ""IV. CONCLUSION""
,
English
Additional Edition:
ISBN 9781451862812
Additional Edition:
ISBN 1451862814
Language:
English
