The world economy: growth or stagnation? - Cambridge Cambridge University Press 2016 - xviii, 577 p.

Table of Contents:

1. The new world order
2. US Economic Growth - retrospect and prospect: lessons from a prototype industry-level production account for the United States, 1947-2012
3. The structural causes of Japan's lost decades
4. Growth and stagnation in Europe
5. LA-KLEMS: economic growth and productivity in Latin America
6. On China's strategic move for a new stage of development - a productivity perspective
7. Productivity growth in India under different policy regimes
8. Is mining fuelling long-run growth in Russia? Industry productivity growth trends in 1995-2012
9. Intangibles, ICT and industry productivity growth: evidence from the EU
10. Do intangibles contribute to productivity growth in East Asian countries? Evidence from Japan and Korea
11. BEA/BLS industry-level production account for the United States: integrated sources of growth, intangible capital, and the US recovery
12. Measuring human capital: country experiences and international initiatives
13. A half century of trans-Pacific competition: price-level indices and productivity gaps for Japanese and US industries, 1955-2012
14. Searching for convergence and its causes - an industry perspective
15. The rise of global manufacturing value chains: a new perspective based on the World Input-Output Database

The balance of the world economy is shifting away from the established economies of Europe, Japan, and the USA, towards the emerging economies of Asia, especially India and China. With contributions from some of the world's leading growth theorists, this book analyses the long-term process of structural change and productivity growth across the world from a unique comparative perspective. Ongoing research from the World KLEMS Initiative is used to comparatively study new sources of growth - including the role of investment in intangible assets, human capital, technology catch-up, and trade in global value chains.


Economic history - 21st century
Economic development

330.9 / W6

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