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Will Natural Resource Constraints Derail Long-Term Global Growth?

In: Foreign Direct Investments from Emerging Markets

Author

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  • Jeffrey D. Sachs

Abstract

We are certainly living in turbulent times. At the time of this conference, we discussed the thrilling possibilities for dynamic global development fueled by technological advances. Technology diffuses from one place to the other at lightning speed. The possibility for any place that was unproductive to become productive quickly in five, or ten, or twenty years, is greater than ever before in history, and China serves as an exemplar of this. At the same time, we caught glimmers of the steepest short-term business downturn in recent memory. In my observations, I will keep my eye on the medium term, the next ten to forty years, after we have ridden the waves of the current economic storm.

Suggested Citation

  • Jeffrey D. Sachs, 2010. "Will Natural Resource Constraints Derail Long-Term Global Growth?," Palgrave Macmillan Books, in: Karl P. Sauvant & Geraldine McAllister & Wolfgang A. Maschek (ed.), Foreign Direct Investments from Emerging Markets, chapter 0, pages 31-34, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-11202-5_2
    DOI: 10.1057/9780230112025_2
    as

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