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Part 1. The global economy and developing countries: 1950: the start of a remarkable century; Static views of a changing world; Postwar changes in the global economy; The origins of the global economy; Economic growth; Common questions about the developing world and the global economy
Part 2. Sustained high growth in the developing world: The high-growth developing countries in the post-war period; The opening of the global economy; Knowledge transfer and catch-up growth in developing countries; Global demand and catch-up growth; The internal dynamics of sustained high growth; Key internal ingredients of sustained high-growth recipes; Opening up: an issue of speed and sequencing; The Washington consensus and the role of government; Managing one's currency in the course of growth; The middle-income transition; The political, leadership, and the governance underpinnings of growth; Low-growth economies in the developing world; Natural resource wealth and growth; The challenge for small states; The adding-up problem
Part 3. The crisis and its aftermath: Emerging markets during and after the global crisis; Instability in the global economy and lessons from the crisis; Stimulus in the crisis and the need for cooperative behavior; Rebalancing the global economy and its consequences for growth; The excess-savings challenge in China; The openness of the global system and the WTO; Legacies of the crisis: slow growth and sovereign-debt issues in advanced countries; Periodic systemic risk and investment behavior
Part 4. The future of growth: Can the emerging economies sustain high growth?; China and India; China's structural challenges; India's growth, diversification and urbanization; Brazil's growth reset; Energy and growth; The challenge of climate change and developing-country growth; Information technology and the integration of the global economy; European integration and transnational governance; Global governance in a multispeed world; The G20, the advanced countries, and global growth; Sustaining growth: the second half century of convergence.
Part 2. Sustained high growth in the developing world: The high-growth developing countries in the post-war period; The opening of the global economy; Knowledge transfer and catch-up growth in developing countries; Global demand and catch-up growth; The internal dynamics of sustained high growth; Key internal ingredients of sustained high-growth recipes; Opening up: an issue of speed and sequencing; The Washington consensus and the role of government; Managing one's currency in the course of growth; The middle-income transition; The political, leadership, and the governance underpinnings of growth; Low-growth economies in the developing world; Natural resource wealth and growth; The challenge for small states; The adding-up problem
Part 3. The crisis and its aftermath: Emerging markets during and after the global crisis; Instability in the global economy and lessons from the crisis; Stimulus in the crisis and the need for cooperative behavior; Rebalancing the global economy and its consequences for growth; The excess-savings challenge in China; The openness of the global system and the WTO; Legacies of the crisis: slow growth and sovereign-debt issues in advanced countries; Periodic systemic risk and investment behavior
Part 4. The future of growth: Can the emerging economies sustain high growth?; China and India; China's structural challenges; India's growth, diversification and urbanization; Brazil's growth reset; Energy and growth; The challenge of climate change and developing-country growth; Information technology and the integration of the global economy; European integration and transnational governance; Global governance in a multispeed world; The G20, the advanced countries, and global growth; Sustaining growth: the second half century of convergence.