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New Engines for Growth
Abstract:The global financial crisis changed the global economic order—it also changed the way people think about that order.Once accepted principles and practice have now come into question or are altogether discredited.While the developed world gets its house in order,developing countries are becoming a new engine of global growth and a pulling force for advanced economies.The World Bank recently published its analysis of this trend in a book called The Day After Tomorrow:A Handbook on the Future of Economic Policy in the Developing World.Edited excerpts follow:
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