Catch up if you can

Article Abstract:

Many emerging economies were hit by recession in the 1990s and there has been a widening of the income gap, with developing economies left behind. There are fears that developments in information technology could exacerbate this process, but that is not certain, and emerging economies could increase their growth rates. Capital and education per worker are still at lower levels than in richer countries and there is potential for faster growth, so long as the rights economic policies are pursued, such as banking reform.

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Simulating the century

Article Abstract:

Income inequality between richer and poorer countries has increased in the 19th and 20th centuries, but this could change in the 21st century. Growth rates may slow in developed economies, and speed up in developing economies. University of Chicago's Robert Lucas argues that income gaps and world income levels affect world growth rates, and is optimistic over the future of developing economies. Growth could slow when the fastest phase of growth ends, and this could lead to convergence and a reduction in inequality.

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Emerging sickness

Article Abstract:

The impact of rising US interest rates and the strength of the US dollar on emerging economies is examined in detail.

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