Will Natural Resource Constraints Derail Long-Term Global Growth?

Jeffrey D. Sachs

Chapter Chapter 2 in Foreign Direct Investments from Emerging Markets, 2010, pp 31-34 from Palgrave Macmillan

Abstract: Abstract We are certainly living in turbulent times. At the time of this conference, we discussed the thrilling possibilities for dynamic global development fueled by technological advances. Technology diffuses from one place to the other at lightning speed. The possibility for any place that was unproductive to become productive quickly in five, or ten, or twenty years, is greater than ever before in history, and China serves as an exemplar of this. At the same time, we caught glimmers of the steepest short-term business downturn in recent memory. In my observations, I will keep my eye on the medium term, the next ten to forty years, after we have ridden the waves of the current economic storm.

Keywords: Foreign Direct Investment; Financial Crisis; Foreign Direct Investment Flow; Global Energy System; Global Economic Growth (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11202-5_2

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DOI: 10.1057/9780230112025_2

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