Rethinking Development Economics

Rethinking the ‘New’ Geographical Economics

BRAKMAN S. and GARRETSEN H. (2003) Rethinking the ‘new’ geographical economics, Reg. Studies 37, 637–648. Mainstream economics and geography have largely developed separately. With some notable exceptions, this had led to a situation in which economists and geographers analyse similar issues, but do so in a very different framework and without taking much notice of each other’s work. The main t...

Development Economics

What we know as the developing world is approximately the group of countries classified by the World Bank as having “low” and “middle” income. An exact description is unnecessary and not too revealing; suffice it to observe that these countries make up over 5 billion of world population, leaving out the approximately one billion who are part of the “high” income developed world. Together, the l...

Development Economics

1. Defining Development 2. The Solow–Swan Model 2.1. The Assumptions 2.2. Steady States 2.3. Transitional Dynamics 2.4. Produced and Non-Produced Factors 2.5. Discussion 3. Pioneers and Latecomers in Historical Perspective 3.1 “Latecomers”: The Advantages of Backwardness 3.2. The Spread of Growth to the Third World 4. Growth and its Sources since 1950 4.1 The Statistical Record 4.2. The Sources...

Rethinking Comparative Advantage: Embracing Co-Creation Experiences in Economics

Rethinking Development—Challenges and Opportunities

As many of you know, I am relatively new to the World Bank. This is my first visit to Japan in my new capacity as vice president for external and United Nations affairs, and I am very pleased to be here at Tokyo United Nations University to talk with you about the future of development. I can think of no better place than to test our own ideas, hear new ones, and think through different approac...