The machinery industry is a very difficult sector to develop in the short term. It is also not easy to drastically shorten the developmental period. Therefore, it is necessary for developing countries to thoroughly review Korea’s policy trends when designing machinery industry policies. This...

The potential contribution of companies as partners in furthering development objectives is frequently mentioned, but has received limited research attention. What has also remained unclear is to what extent companies can play such a role via the various individual and collaborative means...

Short AbstractUsing the new PWT, that for the first time permit income comparisons overtime too, and defining growth for followers as catching-up, the developing world (excluding China and one or two countries) consisting of 99/100 countries with 3.9/4.0b. population has not shown any growth...

The author has recently, defining a catch-up index, growth as catching-up, and deriving an equation for years for absolute convergence, shown Sub-Saharan Africa has fallen behind sharply and, even considering India's population-weight, South Asia has barely shown any growth since 1951 (growing...

This paper examines the trajectory of growth in the Global South. Before the 1500s all countries were roughly at the same level of development, but from the 1500s Western countries started to grow faster than the rest of the world and PPP GDP per capita by 1950 in the US, the richest Western...

Over the past decade, research explaining cross country income differences has increasingly pointed to the dominant role of total factor productivity (TFP) gaps as opposed to factor accumulation. Nevertheless, it is a widely held belief that a country's ability to absorb and implement...

This policy brief tries to work out some of the implications for the Global South of the emergence of Industry 4.0 and the evolution toward a data-driven economy. The digital transformation provides developing economies new opportunities to leapfrog industrial age infrastructure, to draw on the...

I document that for a group of 38 countries ranging from low to high income: (1) the share of skilled managers is higher in richer countries, (2) the relative income of managers to non-managers is lower in richer countries, and (3) the relative income of skilled to unskilled individuals is lower...

China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...

We study the impact of international long-distance flights on the global spatial allocation of economic activity. To identify causal effects, we exploit variation due to regulatory and technological constraints which give rise to a discontinuity in connectedness between cities at a distance of...