The Dual Divergence: Growth Successes and Collapses in the Developing World since 1980

Jose Antonio Ocampo and Mariangela Parra Lancourt

Working Papers from United Nations, Department of Economics and Social Affairs

Abstract: This paper argues that developing countries’ growth successes and collapses tend to cluster in specific time periods—and that only the existence of a global development cycle can explain this. The cycle reflects the external factors that affect all, or large clusters of developing countries, and thus constrain their growth possibilities. Nonetheless, country-specific factors—particularly patterns of specialization—play a significant role in determining growth dynamics. From this perspective, the paper shows a very large difference between the economic growth of developing countries diversifying into higher technology manufacturing exports and those experiencing success in natural resource intensive sectors.

Keywords: economic growth; divergence; external factors; global development cycle; patterns of specialization; technological intensity of exports (search for similar items in EconPapers)
JEL-codes: F1 F4 F43 O1 O14 (search for similar items in EconPapers)
Date: 2006-06
New Economics Papers: this item is included in nep-dev, nep-int and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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http://www.un.org/esa/desa/papers/2006/wp24_2006.pdf (application/pdf)

Related works:
Book: The dual divergence: growth successes and collapses in the developing world since 1980 (2007)
Chapter: The Dual Divergence: Growth Successes and Collapses in the Developing World Since 1980 (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:24

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