Developing countries in the world economy: The future in the past?
Author(s)/Editor(s): Deepak Nayyar
Publisher/Organizer: UNU World Institute for Development Economics Research (UNU-WIDER) - Helsinki, Finland
Publication date: 2009
Number of pages: 53
Language: English
Overview
“The object of this study is to analyse the evolution of developing countries in the world economy situated in its wider historical context, from the onset of the second millennium, but with a focus on the second half of the twentieth century.
In doing so, it poses, and endeavours to answer, some unexplored questions: Does the distinction between developing countries and industrialized countries go back a long time? If not, when did the countries and continents, now described as the developing world, end their long period of domination to begin their decline and fall? How far does the economic recovery of developing countries in the world economy, since 1950, represent a catch-up in terms of industrialization and development?
What is the extent of the catch-up in comparison with the past? And how is it distributed across countries and among people in the developing world? Is there something to learn from the past about the future?