During Latin America's China-led commodity boom, governments turned a blind eye to the inherent flaws in the region s economic policy. Now that the commodity boom is coming to an end, those flaws cannot be ignored. High on the list of shortcomings is the fact that Latin American governments and...

The balance of the world economy is shifting away from the established economies of Europe, Japan, and the USA, towards the emerging economies of Asia, especially India and China. With contributions from some of the world's leading growth theorists, this book analyses the long-term process of...

Huge income differences across countries are a striking feature of the world economy today. Such developmental differences did not exist before the "epoch of modern economic growthʺ (Kuznets). Therefore the question arises why some countries are economically much more successful than others....

The paper represents a preliminary and partial analysis of the information collected in a comparative 12-country study of the adjustment of national employment and social-welfare policies to the increasing internationalization of product and capital markets. After the postwar decades, when...