The decoupling of economic growth in world economy in the last decade and development strategies

• Autor(a) principal: Medeiros, Carlos Aguiar de
• Data de Publicação: 2011
• Tipo de documento: Artigo
• Idioma: eng
• Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
• Texto Completo: http://hdl.handle.net/10438/16248
• topic: Economia; Desenvolvimento econômico

A new stylized fact occurred in the last decade: the contribution of China and other developing countries to the global GDP was bigger than that explained by the US and other industrialized countries (Arceo; Urturi, 2010). Between 2000 and 2008, almost 60% of global GDP growth took place in developing countries (The Economist, 2009). This faster economic growth in China and countries like Brazil, India, Russia, South Africa – 30% of the global GDP growth between 2000 and 2008 (The Economist, 2009)- was strongly diffused among other less developed countries in Africa and Latin America. Associated with this transformation the South-South trade had a huge expansion.