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A Global “Growth Map” for 2014 |
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| Authors: | MICHAEL SPENCE |
| Institution: | Awarded the Nobel Prize for Economics in 2001 and chaired the World Bank's Commission on Growth and Development. His most recent book is The Great Convergence: The Future of Economic Growth in a Multi‐Speed World. |
| Abstract: | The great story of the last decade has been the “rise of the rest”—emerging economies such as China, Brazil, Turkey and India—to a position rivaling that of the established, advanced economies. As the aftershocks of the financial crisis of 2008–2009 continue to ripple through the global system, will the rising rest stay or track or be derailed? Some of the world's top economists examine this question in the following section. |
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