Resilience to shrinking as a catch-up strategy: a comparison of Brazil and Indonesia, 1964–2010

Tobias Axelsson () and Igor Martins
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Tobias Axelsson: Department of Economic History, Lund University, Postal: Department of Economic History, Lund University, Box 7083, S-220 07 Lund, Sweden

No 233, Lund Papers in Economic History from Lund University, Department of Economic History

Abstract: Development economics has long focused on growth patterns to explain countries’ ability to catch up and forge ahead. We argue, however, that resilience to economic shrinking matters more. Using the examples of Brazil and Indonesia, we propose that a framework consisting of social capabilities – namely structural transformation, autonomy, and inclusion – can explain why Indonesia is more resilient to economic shrinking than Brazil and why the country is more likely to be successful in its catching-up process.

Keywords: economic shrinking; income convergence; natural states; social capabilities; Latin America; Asia (search for similar items in EconPapers)
JEL-codes: N10 O20 O43 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2022-01-19
New Economics Papers: this item is included in nep-his, nep-hme, nep-lam, nep-pke and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:luekhi:0233

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