{
  "title": "The Growth Comeback in Developing Economies: A New Hope or Back to the Future?",
  "publication": "IMF Working Papers, May 30, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/the-growth-comeback-in-developing-economies-a-new-hope-or-back-to-the-future-40598",
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  "summary": "Growth takeoffs in developing economies have rebounded in the past two decades. Although recent takeoffs have lasted longer than takeoffs before the 1990s, a key question is whether they could unravel like some did in the past.",
  "sections": [
    {
      "heading": "Summary and central findings",
      "content": "- Growth takeoffs in developing economies have rebounded in the past two decades.\n- Recent takeoffs have lasted longer than takeoffs before the 1990s, but a key question is whether they could unravel like some did in the past.\n- Recent takeoffs are associated with stronger economic conditions, such as:\n  - lower post-takeoff debt and inflation levels;\n  - more competitive real exchange rates;\n  - better structural reforms and institutions.\n- The chances of starting a takeoff in the 2000s was triple that before the 1990s, with domestic conditions accounting for most of the increase.\n- The findings suggest that if today’s dynamic developing economies sustain their improved policies; they are more likely to stay on course compared to many of their predecessors."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Export performance, External debt, Foreign exchange, Income inequality, International trade, National accounts, Public debt, Real exchange rates\n- Keywords: convergence, development, dynamic LIC, economy group, exchange rate, Export performance, Global, growth, growth takeoff, IMF staff calculation, Income inequality, LIC takeoff, low-income countries, Real exchange rates, saving-investment gap, takeoff, WP"
    },
    {
      "heading": "Policy implications and interpretation",
      "content": "- Sustaining improved domestic policies and structural reforms appears critical for recent takeoffs to persist rather than unravel.\n- Lower post-takeoff debt and inflation, more competitive real exchange rates, and stronger institutions are identified as supportive conditions for lasting growth takeoffs.\n\nIMF Working Paper — The Growth Comeback in Developing Economies: A New Hope or Back to the Future? (Working Paper No. 2013/132, May 30, 2013)\n\n---\n\n Content in this bundle\n\n- wp13132\n  - wp13132 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp13132 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/the-growth-comeback-in-developing-economies-a-new-hope-or-back-to-the-future-40598"
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    "Authors: John C Bluedorn, Rupa Duttagupta, Jaime Guajardo, Nkunde Mwase",
    "Published: May 30, 2013",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781484321980.001",
    "Growth takeoffs in developing economies have rebounded in the past two decades.",
    "Recent takeoffs have lasted longer than takeoffs before the 1990s, but a key question is whether they could unravel like some did in the past.",
    "Recent takeoffs are associated with stronger economic conditions, such as:",
    "The chances of starting a takeoff in the 2000s was triple that before the 1990s, with domestic conditions accounting for most of the increase.",
    "The findings suggest that if today’s dynamic developing economies sustain their improved policies; they are more likely to stay on course compared to many of their predecessors.",
    "Subject: Export performance, External debt, Foreign exchange, Income inequality, International trade, National accounts, Public debt, Real exchange rates",
    "Keywords: convergence, development, dynamic LIC, economy group, exchange rate, Export performance, Global, growth, growth takeoff, IMF staff calculation, Income inequality, LIC takeoff, low-income countries, Real exchange rates, saving-investment gap, takeoff, WP",
    "Sustaining improved domestic policies and structural reforms appears critical for recent takeoffs to persist rather than unravel.",
    "Lower post-takeoff debt and inflation, more competitive real exchange rates, and stronger institutions are identified as supportive conditions for lasting growth takeoffs.",
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