A Long-term Outlook for the World Economy

Résumé du livre

Deregulation and liberalization of product, labor, and financial markets -- together with higher levels of investment and rapid technological advances in industrial and services sectors -- should make the 1990s a period of rapid growth in the high -income OECD countries and a number of leading developing countries. But the pattern of international financial flows is likely to perpetuate two tracks of high and low growth in the developing world.