Growth Poles and Multipolarity / Jonathon Adams-Kane

Format:

Book

Government document

Author/Creator:

Adams-Kane, Jonathon

Contributor:

Adams-Kane, Jonathon

Lim, Jamus Jerome

Series:

Policy research working papers.

World Bank e-Library.

Language:

English

Subjects (All):

Achieving Shared Growth.

Currencies and Exchange Rates.

Economic Growth.

Economic Theory & Research.

Growth Dynamics.

Growth Poles.

Growth Spillovers.

Macroeconomics and Economic Growth.

Multipolar World.

Population Policies.

Local Subjects:

Achieving Shared Growth.

Currencies and Exchange Rates.

Economic Growth.

Economic Theory & Research.

Growth Dynamics.

Growth Poles.

Growth Spillovers.

Macroeconomics and Economic Growth.

Multipolar World.

Population Policies.

Physical Description:

1 online resource (40 pages)

Place of Publication:

Washington, D.C., The World Bank, 2011

System Details:

data file

Summary:

This paper develops an empirical measure of growth poles and uses it to examine the phenomenon of multipolarity. The authors formally define several alternative measures, provide theoretical justifications for these measures, and compute polarity values for nation states in the global economy. The calculations suggest that China, Western Europe, and the United States have been important growth poles over the broad course of world history, and in modern economic history the United States, Japan, Germany, and China have had prominent periods of growth polarity. The paper goes on to analyze the economic and institutional determinants, both at the proximate and fundamental level, that underlie this measure of polarity, as well as compute measures of dispersion in growth polarity shares for the major growth poles.