Can Globalization Still Deliver? : The Challenge of Convergence in the 21st Century /

Can Globalization Still Deliver? : The Challenge of Convergence in the 21st Century /

This paper explores how poor countries might take advantage of globalization to raise their living standards and converge toward the advanced economies. The poor country, which has cheap labor and inadequate capital, acquires the superior technology that the rich country has. With everyone rationall...

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Detalles Bibliográficos
Autor Principal: Lipton, David
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2016.
Subjects:
Client Country
Economy
Position Of The IMF
SPE
The Treasury
China, People's Republic of
Acceso en liña:Full text available on IMF
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100 1 |a Lipton, David. 
245 1 0 |a Can Globalization Still Deliver? :   |b The Challenge of Convergence in the 21st Century /  |c David Lipton. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2016. 
300 |a 1 online resource (16 pages) 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper explores how poor countries might take advantage of globalization to raise their living standards and converge toward the advanced economies. The poor country, which has cheap labor and inadequate capital, acquires the superior technology that the rich country has. With everyone rationally expecting greater things in the poor country, investment there takes off. People in the rich country save more to invest and take advantage of the new higher returns in the poor country. The poor country runs a substantial current account deficit and imports needed capital that the rich country happily, and profitably, provides. The developing countries showed limited willingness and capacity to open up to competition. They had only a limited ability to attract foreign investment. The IMF ended up studying why some members failed to progress despite prolonged use of IMF resources. The Philippines, for example, had about 20 nearly consecutive IMF lending programs. 
538 |a Mode of access: Internet 
650 7 |a Client Country  |2 imf 
650 7 |a Economy  |2 imf 
650 7 |a Position Of The IMF  |2 imf 
650 7 |a SPE  |2 imf 
650 7 |a The Treasury  |2 imf 
651 7 |a China, People's Republic of  |2 imf 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/books/076/23459-9781513549125-en/23459-9781513549125-en-book.xml  |z IMF e-Library 

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