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Toward a Switchover of Locomotives in the Global Economy

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  • Otaviano Canuto

Abstract

The recovery in advanced economies is now exhibiting several signs of fragility and the medium-term growth prospects for these economies also look difficult. Could developing economies “switch over” to become locomotives in the global economy, providing a countervailing force against downward trends? The view taken here says, yes, as long as appropriate domestic policies and reforms are pursued in developing countries.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Otaviano Canuto, 2010. "Toward a Switchover of Locomotives in the Global Economy," World Bank Publications - Reports 10159, The World Bank Group.
    • Handle: RePEc:wbk:wboper:10159
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    References listed on IDEAS

    as
    1. Ghani, Ejaz & Kharas, Homi, 2010. "The Service Revolution," World Bank - Economic Premise, The World Bank, issue 14, pages 1-5, May.
    2. Canuto, Otaviano & Haddad, Mona & Hanson, Gordon, 2010. "Export-Led Growth v2.0," World Bank - Economic Premise, The World Bank, issue 3, pages 1-5, March.
    3. Canuto, Otaviano & Dutz, Mark & Reis, José Guilherme, 2010. "Technological Learning and Innovation: Climbing a Tall Ladder," World Bank - Economic Premise, The World Bank, issue 21, pages 1-8, July.
    4. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2009. "What happens during recessions, crunches and busts? [Business cycles for G-7 and European countries]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 24(60), pages 653-700.
    5. Brahmbhatt, Milan & Canuto, Otaviano & Vostroknutova, Ekaterina, 2010. "Dealing with Dutch Disease," World Bank - Economic Premise, The World Bank, issue 16, pages 1-7, June.
    6. Brahmbhatt, Milan & Canuto, Otaviano, 2010. "Natural Resources and Development Strategy after the Crisis," World Bank - Economic Premise, The World Bank, issue 1, pages 1-7, February.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Canuto, Otaviano & Leipziger, Danny, 2012. "Ascent After Decline: Challenges of Growth," World Bank - Economic Premise, The World Bank, issue 75, pages 1-6, February.
    2. Brahmbhatt, Milan & Canuto, Otaviano & Ghosh, Swati, 2010. "Currency Wars Yesterday and Today," World Bank - Economic Premise, The World Bank, issue 43, pages 1-6, December.

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    More about this item

    Keywords

    Poverty Reduction - Inequality Finance and Financial Sector Development - Debt Markets Private Sector Development - Emerging Markets Macroeconomics and Economic Growth - Macroeconomic Management Poverty Reduction - Achieving Shared Growth;

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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