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Southern Engines of Global Growth: Very Long Cycles or Short Spurts?

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  • Meghnad Desai

Abstract

This article views the four economies of the South in a long run historical perspective of 1500-2000. It contrasts the history and the initial endowments of the two Northern hemisphere economies China and India which are land scarce and labour abundant with the two Southern hemisphere economies Brazil and South Africa which are land abundant and labour scarce. It argues for different strategies for future growth and discusses impediments which may come in the paths of these four economies in the near future.

Suggested Citation

  • Meghnad Desai, 2008. "Southern Engines of Global Growth: Very Long Cycles or Short Spurts?," WIDER Working Paper Series DP2008-02, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2008-02
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2008-02.pdf
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    Keywords

    Economic development; History of economics; Factor proportions; Labour; Natural resources;
    All these keywords.

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