Economic development: the central issue of our times -- Growth, distribution, and human development: an assessment -- Growth models for developing countries -- The role of institutions -- Investment, saving, and capital market development -- Macroeconomic policies for development -- The role of...

1. Introduction -- 2. GEMINI model -- 3. The dramatic rise of China -- 4. The emergence of India -- 5. The Latin American trifecta -- 6. The volatile oil economies -- 7. Other emerging economies -- 8. Growth: different speeds -- 9. Equity: is human developments in emerging markets getting better...

Using a comprehensive database on bank credit, covering 135 developing countries over the period 1960�2011, we identify, document, and compare the macro-economic dynamics of credit booms across low-and middle-income countries. The results suggest that while the duration and magnitude of credit...