Long-Range Convergence and Displacements in Economic Development and Interactions between Economic Systems

S. I. Cohen
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S. I. Cohen: Erasmus University

Chapter 10 in Economic Systems Analysis and Policies, 2009, pp 379-401 from Palgrave Macmillan

Abstract: Abstract This chapter reflects on the relationship between long-range changes in economic systems and changes in levels of economic development across countries worldwide. Among the questions considered are the following. Is there a convergence between rich/developed countries and poor/developing countries? How to separate the effects of different economic systems from the effects of levels of economic development? Is there a place for displacements after convergence, whereby poorer contemporaries displace current leading rich/developed nations from leadership in the not too distant future? What are the implications of the displacements for the relative dominance of competing economic system?

Keywords: Poor Country; National Income; Rich Country; Final Demand; Future Outlook (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23411-6_10

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DOI: 10.1057/9780230234116_10

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