How could the South respond to secular stagnation in the North?

Beschreibung

Demand-based growth models worry that secular stagnation in advanced countries reduces developing country growth, via lower exports. Relaxing assumptions and emphasizing cumulative causation forces from domestic-demand growth and relative price effects indicates how the South can maintain growth.
Demand-based growth models worry that secular stagnation in advanced countries reduces developing country growth, via lower exports. Relaxing assumptions and emphasizing cumulative causation forces from domestic-demand growth and relative price effects indicates how the South can maintain growth.

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Jörg Mayer

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Balance of payments Economic development Export-led growth Secular stagnation

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