Globalization and Growth in the Twentieth Century

This paper reviews the experience of economic growth during the twentieth century with a view to highlighting implications for both growth economists and policy-makers. The unprecedented divergence in income levels between the OECD economies and many developing countries is documented but so too is...

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Bibliographic Details
Main Author: Crafts, N.
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2000
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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260 |a Washington, D.C.  |b International Monetary Fund  |c 2000 
300 |a 75 pages 
651 4 |a United States 
653 |a Economic History: Macroeconomics and Monetary Economics 
653 |a Public Finance 
653 |a Economic Growth of Open Economies 
653 |a National accounts 
653 |a Labor economics 
653 |a Expenditure 
653 |a Industrial productivity 
653 |a Labor Economics: General 
653 |a Total factor productivity 
653 |a Macroeconomics: Production 
653 |a Labor 
653 |a Capital and Total Factor Productivity 
653 |a Public finance & taxation 
653 |a National Government Expenditures and Related Policies: General 
653 |a Economic Development: General 
653 |a Capacity 
653 |a Production 
653 |a Production and Operations Management 
653 |a Income 
653 |a Income economics 
653 |a Labour 
653 |a Macroeconomics 
653 |a Public expenditure review 
653 |a Productivity 
653 |a Aggregate Factor Income Distribution 
653 |a Expenditures, Public 
653 |a Cost 
653 |a Growth and Fluctuations: General, International, or Comparative 
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520 |a This paper reviews the experience of economic growth during the twentieth century with a view to highlighting implications for both growth economists and policy-makers. The unprecedented divergence in income levels between the OECD economies and many developing countries is documented but so too is a more optimistic picture of widespread progress in terms of the Human Development Index. Various aspects of the changes in economic structure are explored in terms of their implications for growth performance both in retrospect and prospect. The possibility that the growth process will lead to another globalization backlash reminiscent of the 1930s is analyzed