Long-Term Trends and Structural Changes in the Global Economy

A. Spence

Chapter Chapter 5 in Economics for the Curious, 2014, pp 61-76 from Palgrave Macmillan

Abstract: Abstract The megatrend in the global economy, at least the one that gets my attention, is the growing size and impact of the developing countries. As I argued in The Next Convergence (2011), we are just past the midpoint of a century-long journey that began after World War II. At the starting point, say 1950, about 15 percent of the world’s population lived in what we now call advanced countries. These are roughly the members of the Organisation for Economic Co-operation and Development (OECD) minus a few recent arrivals. They have incomes in today’s US dollars above $20,000 per person per year. They are rich. They have lots of troubles now — and I will come back to that.

Keywords: Global Economy; Advanced Country; Employment Creation; Natural Resource Base; Global Labor Market (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-38359-4_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137383594

DOI: 10.1057/9781137383594_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().