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Development Economics and Policy Deficits

Shahid Yusuf
경제연구소 (Hanyang Economic Research Institute)|2014.08|Seoul Journal of Economics|제27권 제3호|pp. 257-276|DOI 10.22904/sje.2014.27.3.002

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참고문헌

키워드

InnovationPovertyAidUrbanizationStateGrowthInstitutionsCrises
주제분류경제학

초록

More than five years have elapsed since the onset of the Great Recession and to distress of all those affected by the slowdown, a decisive turning point continues to recede into the future. Growth rates are low in the OECD countries (1.25% in 2012-2013) and increasingly sluggish in the industrializing ones. Trade slowed sharply — to 2.5 percent — in 2013. Unemployment is a worry in many countries; and inequality is on the rise in all but a few. There are concerns in some quarters that the tempo of technical change is slowing. And although there are ways of mitigating climate change, dispersed progress on this front is proceeding at a frightening crawl.

Abstract

More than five years have elapsed since the onset of the Great Recession and to distress of all those affected by the slowdown, a decisive turning point continues to recede into the future. Growth rates are low in the OECD countries (1.25% in 2012-2013) and increasingly sluggish in the industrializing ones. Trade slowed sharply — to 2.5 percent — in 2013. Unemployment is a worry in many countries; and inequality is on the rise in all but a few. There are concerns in some quarters that the tempo of technical change is slowing. And although there are ways of mitigating climate change, dispersed progress on this front is proceeding at a frightening crawl.

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