We analyze the incidence and correlates of growth slowdowns in fast-growing middle-income countries, extending the analysis of an earlier paper (Eichengreen, Park and Shin 2012). We continue to find dispersion in the per capita income at which slowdowns occur. But in contrast to our earlier...

The positive association between the service sector share of output and per capita income is one of the best-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that association. Here we identify two waves of service sector...

Introduction; A.Tawfik Al Sadik & I.Elbadawi -- Strengthening the Financial Architecture: The Unanswered Questions; B.Eichengreen -- The Oil Market and the Financial Crisis; R.E. Mabro -- The Global Crisis: Old and New Lessons for Macroeconomic Policy; A.Tawfik Al Sadik & L.Serv̌n -- Financial...

We analyze the impact of China's growth on the exports of other Asian countries. Our innovation is to distinguish the increase in China's demand for imports from its increased penetration of export markets. Using the gravity model, we disaggregate among commodity types and account for the...

We review the debate on the association of financial globalization with inequality. We show that the within-country distributional impact of capital account liberalization is context specific and that different types of flows have different distributional effects. Their overall impact depends on...