Toward a Switchover of Locomotives in the Global Economy

Otaviano Canuto

World Bank - Economic Premise, 2010, issue 33, 1-6

Abstract: The recovery in advanced economies is now exhibiting several signs of fragility and the medium-term growth prospects for these economies also look difficult. Could developing economies “switch over” to become locomotives in the global economy, providing a countervailing force against downward trends? The view taken here says, yes, as long as appropriate domestic policies and reforms are pursued in developing countries.

Keywords: financial cirsis; developing countries; growth; recovery; global economy; GDP; domestic policies; reforms; "switch over"; decoupling (search for similar items in EconPapers)
JEL-codes: E6 O1 O23 O4 O43 (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Working Paper: Toward a Switchover of Locomotives in the Global Economy (2010)
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