Learning From the Doers: Developing Country Lessons for Advanced Economy Growth
对比了1980-2012年间发展中国家与发达国家的增长差异,发现发展中国家通过务实灵活的增长策略实现了增速提升,并从贸易、财政和债务改革三方面总结了可供发达国家复苏借鉴的实用经验。
From 1980 to 1992, emerging and developing countries grew by 3.4 percent per year. Their annual rate of growth increased to 5.4 percent between 1993 and 2012. No such increase occurred for advanced nations, whose average growth from 1980 to 2012 was roughly constant (excluding the impact of the 2008-2009 Recession). Developing nations turned themselves around by embracing discipline-sustained commitment to a pragmatic and flexible growth strategy. Three illustrations of discipline through the lens of trade, fiscal, and debt reforms in the developing world offer relevant, practical lessons for recovery in advanced economies and continued catch-up growth in developing nations.