The Dynamics of Socio-Economic Development

by Adam Szirmai,  www.dynamicsofdevelopment.com

 

 

 

 

CHAPTER 3: Growth and Stagnation. Theories and Experiences.

There has been long-run divergence in the world economy. Some economies have moved ahead and others have fallen far behind. Former colonies such as the USA, Canada and New Zealand or Asian economies such as Japan, Singapore and Korea moved up the income ladder. Other countries such as Argentina, the Ottoman Empire and the Russian Federation slipped downward. For a better understanding of development, we are interested in why some countries or societies forge ahead in given periods, while others stagnate or fall behind.


Chapter 3 focuses on classical and modern theories of growth and development. In addition, it contains ten tables with economic statistics. These tables highlight the development experiences of selected developing countries.

List of Tables

 

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3.1: Growth of GDP per capita, 1870-2013

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3.2: Growth of GDP per capita, 1973-2013

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3.3: Gross domestic investment as percentage of GDP

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3.4: Export performance, 1870-2012

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3.5: Manufactured exports as percentage of total merchandise exports, 1953-2012

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3.6: External finance as percentage of GDP, 1950-2012

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3.7: Gross value of foreign capital in developing countries, 1870-2012

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3.8: Structure of employment by sector 1950-2012

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3.9: Structure of production, 1950-2012

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3.10: Distribution of income or consumption, 1980-2010

 

 

 

copyright 2004: Adam Szirmai - design: Rik Luiten - last update: 03/02/2015