Poverty
TOPIC:
Globalisation » Social » Humanitarian » Poverty
Category
papers
Date
2005-11-01
Actor
Milanovic, Branko
Source
Carnegie Endowment f...
Uploaded date
2011-09-16
Uploaded by
Tatiana Karpenko
Link
Why Did the Poorest Countries Fail to Catch Up?
"During the past twenty years,the poorest countries of the world have fallen further behind the middle-income and rich countries... This is an unexpected outcome because, from the perspective of economic theory, both globalization and economic-policy convergence imply that poor countries should grow faster than the rich. The main reasons why this has not happened lie in poor countries’ much greater likelihood of being involved in wars and civil conflicts." (Quoted from paper)
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