table 4: governance scores for 2010

figure 1: female labor force partic

A Case of “Reverse Convergence”

While solving the macroeconomic imb

provides a forum for bringing to be

For making such collaboration possi

in a number of significant ways. He

those built around mobility/Interne

anymore in times of demographic hea

global access to capital, and abund

goes beyond the G-20 countries. Unf

considerable push on structural ref

A New Normal, but with Robust Growt

the two most important inputs, capi

labor share is the lowest among the

How Can Europe Avoid Secular Stagna

also consider reviewing insolvency

Growth, Convergence and Social Cond

and procedures have to be built in

References European Council. 2012.

The U.S. and Germany (or Japan) are

ox 1: germany and the northern euro

Secular Stagnation: Can India Buck

such a rate over a sustained period

expansion of trade requires corresp

Achieving high growth in India is q

to diverge as the financial account

The Mineral Export Ban and its Impa

1990, and the share of export-orien

References Hoda, Anwarul, and Durge

countries remains critical. Twenty-

deflation in the deficit countries,

The Banking Union could help to reb

this regard, one should define comm

Defining Exit from Deflation Yoshio

and anchoring inflationary expectat

financial crisis. They are broadly

area. The most important goal for p

From Rapid, Shared Growth to Slow U

In 1970, Korea adopted Saemaul Undo

References Eichengreen, Barry, Wonh

Improvements in Latin America Durin

The same is true for monetary polic

conditions. After advanced economie

scores lower than not just China an

Russia: Prospects for Growth and Co

production costs are very high and

Economic Convergence in Saudi Arabi

Growth rates in real GDP per capita

Government Policies Delays in remov

References Barro R. J., X. Sala-i-M

figure 1. gdp index in emerging mar

Figure 5 shows the very low level o

country—in a sample of emerging m

accumulation, driven by a low quali

Recession is responsible for more t

the 1980s. Pluralistic and inclusiv

figure 1. commodity prices and emer

Among the many other important poli

6. Brynjolfsson and McAfee (2014).

This Point in History Twenty-five y

U.S. combined. (Measured by PPP, in

Conclusions Economic policymakers a

performance of real GDP and the une

figure 1. annual growth rate of tot

continued in the past decade with s

Summers, Lawrence H. 2014a. “Refl