Toward a Switchover of Locomotives in the Global Economy

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.

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Year of publication:	2010
Authors:	Canuto, Otaviano
Published in:	World Bank - Economic Premise. - Poverty Reduction and Economic Management Network (PREM). - 2010, 33, p. 1-6
Publisher:	Poverty Reduction and Economic Management Network (PREM)
Subject:	financial cirsis \| developing countries \| growth \| recovery \| global economy \| GDP \| domestic policies \| reforms \| "switch over" \| decoupling

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook ; O1 - Economic Development ; O23 - Fiscal and Monetary Policy in Development ; O4 - Economic Growth and Aggregate Productivity ; O43 - Institutions and Growth
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008837647