Toward a Switchover of Locomotives in the Global Economy

Canuto, Otaviano

World Bank, Washington, DC

关键词: ADVANCED COUNTRIES;    ADVANCED COUNTRY;    ADVANCED ECONOMIES;    ADVERSE IMPACT;    ASSET PRICES;   

RP-ID  :  56829

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The recovery in advanced economies isnow exhibiting several signs of fragility and themedium-term growth prospects for these economies also lookdifficult. Could developing economies 'switchover' to become locomotives in the global economy,providing a countervailing force against downward trends?The view taken here says, yes, as long as appropriatedomestic policies and reforms are pursued in developing countries.