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"Growth that relies on capital inflows or commodity booms tends to be short-lived."
Isn't this what we are seeing with the US economy? They just keep printing money, but that can't continue.
Tina
Delatest.com
Commented Aug 1, 2011 on Will the divergence in growth result in eventual convergence in incomes? at Dani Rodrik's weblog
Will the divergence in growth result in eventual convergence in incomes?
I showed a neat picture in my previous post on the divergence in growth rates between developing and rich countries. But can developing countries really carry the world economy? Much of the optimism about their economic prospects is the result of extrapolation. The decade preceding the global f...
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Jul 31, 2011
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