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In many developing countries, the supply of skilled workers is likely to continue to be stronger than demand, and this should drive down the skill premium and reduce inequality. Within the limitations of any exercise based on simulations, this paper finds that the recently observed reduction in...
Persistent link: https://www.econbiz.de/10011396193
Over the past 20 years, aggregate measures of global inequality have changed little even if significant structural changes have been observed. High growth rates of China and India lifted millions out of poverty, while the stagnation in many African countries caused them to fall behind. Using the...
Persistent link: https://www.econbiz.de/10010521517
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As Asia's economic growth process matures, regional integration offers important opportunities to sustain and extend the achievements of the more dynamic economies. Benefits from this process will include geographic diversification, often toward superior growth rates, as well as structural...
Persistent link: https://www.econbiz.de/10003416341
Persistent link: https://www.econbiz.de/10003845767
Economic emergence of the People's Republic of China (PRC) and India has fundamentally altered the economic landscape of Asia and its relation to the global economy. Using the new dynamic global model, we present forecasts for Asian expansion over 2025. These baseline growth forecasts elucidate...
Persistent link: https://www.econbiz.de/10010273490
With the emergence of People's Republic of China (PRC) and India, the economic landscape of Asia and its relation to the global economy have been changed. Using the new dynamic global model, we present forecasts for Asian expansion over 2025. These baseline growth forecasts elucidate shifting...
Persistent link: https://www.econbiz.de/10010507197
As Asia's economic growth process matures, regional integration offers important opportunities to sustain and extend the achievements of the more dynamic economies. Benefits from this process will include geographic diversification, often toward superior growth rates, as well as structural...
Persistent link: https://www.econbiz.de/10010507220
Economic emergence of the People's Republic of China (PRC) and India has fundamentally altered the economic landscape of Asia and its relation to the global economy. Using the new dynamic global model, we present forecasts for Asian expansion over 2025. These baseline growth forecasts elucidate...
Persistent link: https://www.econbiz.de/10003793544
Persistent link: https://www.econbiz.de/10003919953