type="main" xml:lang="en" <title type="main">ABSTRACT</title> <p>This contribution addresses the question of whether growth convergence can be sustained in the global economy without compromising welfare and without causing major crises. It employs a simplified stock-flow analytical framework to examine the proposition that...</p>

type="main" xml:lang="en" <title type="main">Abstract</title> <p>This article revisits the role of manufacturing and services in economic development in the light of a number of new phenomena: a faster growth of services than of manufacturing in many developing countries; the emergence of ‘de-industrialization’ in...</p>