Resilience to shrinking as a catch-up strategy: a comparison of Brazil and Indonesia, 1964–2010

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Abstract

Development economics has long focused on growth patterns to explain countries’ ability to catch up and forge ahead. We argue, however, that resilience to economic shrinking matters more. Using the examples of Brazil and Indonesia, we propose that a framework consisting of social capabilities – namely structural transformation, autonomy, and inclusion – can explain why Indonesia is more resilient to economic shrinking than Brazil and why the country is more likely to be successful in its catching-up process.

Original languageEnglish
Number of pages38
Publication statusPublished - 2022

Publication series

NameLund papers in Economic History
PublisherDepartment of Economic History, Lund University
No.2022:233

Subject classification (UKÄ)

  • Economic History

Free keywords

  • economic shrinking
  • income convergence
  • natural states
  • social capabilities
  • Latin America
  • Asia
  • N10
  • O20
  • O43

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