000			01848nam a2200217Ia 4500
999			_c231668 _d231668
005			20220703201909.0
008			200208s9999 xx 000 0 und d
020			_a9788184001884
082			_a338.9 SPE
100			_aSpence, Michael.
245		0	_aNext convergence
260			_aNoida
260			_bRandom house
260			_c2011
300			_a296 p.
365			_b9000
365			_dRS
520			_aWith the industrial revolution, part of the world’s population (europe, america, andjapan) started to experience extraordinary economic growth, yet four - fifths of humanity remainedmired in poverty. Till the second world war the world remained a profoundly unequal place. Then the pendulum began to swing the other way. Some countries, mainly in asia, started growing atunprecedented rates at about 7 percent a year. More recently, the two most populous countries in theworld — china and india — have begun to grow at rates close to 10 percent. This convergence between the developing and developed worlds — a revolution just as profound as the industrial revolution — is reshaping the world today, argues nobel prize - winning economist michael spence. Spence looks at what caused this dramatic shift, the implications of this new convergence, andthe challenges these growing economies face. He argues that maintaining the high growth rates in developing countries presents serious difficulties for them in governance, international coordination, and ecological sustainability. The implications for those living in the advanced countries are also great but little understood. The next convergence is big picture economics at its finest — a lucid, deeply intelligent analysis of the global economy and a riveting introduction to the most critical debates today.
650			_aEconomic development
942			_cB _2ddc