The Next Convergence
The Future of Economic Growth in a Multispeed World
By Michael Spence
"The Next Convergence" was published by Farrar, Straus and Giroux in 2011 - New York, the book is classified in Business & Economics genre, it has 296 pages and the language of the book is English.
“The Next Convergence” Metadata:
- Title: The Next Convergence
- Author: Michael Spence
- Language: English
- Number of Pages: 296
- Is Family Friendly: Yes - No Mature Content
- Publisher: Farrar, Straus and Giroux
- Publish Date: 2011
- Publish Location: New York
- Genres: Business & Economics
“The Next Convergence” Subjects and Themes:
- Subjects: ➤ International cooperation - Economic development - Sustainable development - Financial crises - History - Hallbar utveckling - Weltwirtschaftsordnung - Historia - Wirtschaftswachstum - Ekonomisk utveckling - Finanskriser - Wirtschaftsentwicklung - Developing countries, economic conditions
- Places: Developing countries
- Time: 21st century
Edition Specifications:
- Pagination: p. cm.
Edition Identifiers:
- Google Books ID: OIlPmQEACAAJ
- The Open Library ID: OL25001794M - OL16114053W
- Online Computer Library Center (OCLC) ID: 676728660
- Library of Congress Control Number (LCCN): 2010047716
- ISBN-13: 9780374159757 - 9781250007704
- ISBN-10: 0374159750
- All ISBNs: 9780374159757 - 0374159750 - 9781250007704
AI-generated Review of “The Next Convergence”:
"The Next Convergence" Table Of Contents:
- 1- The global economy and developing countries
- 2- 1950: the start of a remarkable century
- 3- Static views of a changing world
- 4- Postwar changes in the global economy
- 5- The origins of the global economy
- 6- Economic growth
- 7- Common questions about the developing world and the global economy
- 8- Sustained high growth in the developing world
- 9- The high growth developing countries in the post-war period
- 10- The opening of the global economy
- 11- Knowledge transfer and catch-up growth in developing countries
- 12- Global demand and catch-up growth
- 13- The internal dynamics of sustained high growth
- 14- Key internal ingredients of sustained high growth recipes
- 15- Opening up : an issue of speed and sequencing
- 16- The Washington consensus and the role of government
- 17- Managing one's currency in the course of growth
- 18- The middle income transition
- 19- The political, leadership and the governance underpinnings of growth
- 20- Low growth economies in the developing world
- 21- Natural resource wealth and growth
- 22- The challenge for small states
- 23- The adding up problem
- 24- The crisis and its aftermath
- 25- Emerging markets during and after the global crisis
- 26- Instability in the global economy and lessons from the crisis
- 27- Stimulus in the crisis and the need for cooperative behavior
- 28- Rebalancing the global economy and its consequences for growth
- 29- The excess savings challenge in China
- 30- The openness of the global system and the WTO
- 31- Legacies of the crisis : slow growth and sovereign debt issues in advanced countries
- 32- Periodic systemic risk and investment behavior
- 33- The future of growth
- 34- Can the emerging economies sustain high growth?
- 35- China and India
- 36- India's growth, diversification and urbanization
- 37- Brazil's growth reset
- 38- Energy and growth
- 39- The challenge of climate change and developing country growth
- 40- Information technology and the integration of the global economy
- 41- European integration and transnational governance
- 42- Global governance in a multi-speed world
- 43- The G20, the advanced countries and global growth
- 44- Sustaining growth : the second half century of convergence.
Snippets and Summary:
The Next Convergence is certain to spark a heated debate how best to move forward in the post-crisis period and reset the balance between national and international economic interests, and short-term fixes and long-term sustainability.
"The Next Convergence" Description:
Google Books:
A Washington Post Notable Nonfiction Book for 2011 With the British Industrial Revolution, part of the world’s population started to experience extraordinary economic growth—leading to enormous gaps in wealth and living standards between the industrialized West and the rest of the world. This pattern of divergence reversed after World War II, and now we are midway through a century of high and accelerating growth in the developing world and a new convergence with the advanced countries—a trend that is set to reshape the world. Michael Spence, winner of the Nobel Prize in Economic Sciences, explains what happened to cause this dramatic shift in the prospects of the five billion people who live in developing countries. The growth rates are extraordinary, and continuing them presents unprecedented challenges in governance, international coordination, and ecological sustainability. The implications for those living in the advanced countries are great but little understood. Spence clearly and boldly describes what’s at stake for all of us as he looks ahead to how the global economy will develop over the next fifty years. The Next Convergence is certain to spark a heated debate how best to move forward in the post-crisis period and reset the balance between national and international economic interests, and short-term fixes and long-term sustainability.
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