example, World Bank (2002) quotes how Nobel winner Gunnar Myrdal wrote off Indonesia in the 1960s only for it to emerge in the 1980s as a fast growing economy substantially reducing poverty aided by labour-intensive manufacturing exports. Even after the serious crisis of the late 1990s, poverty is far lower than in the early 1980s. Similarly, after descending into chaos and civil war in the first part of the 1980s, Uganda has emerged as a fast growing economy, delivering large poverty reduction in both rural and urban areas. While the card lists some countries which buckled expectations, the overall message is this: the Chinese/Indian globalization-fueled ascension is not replicable. The performance does not dictate “past future is a simple trope to describe the economic data on globalization for Con teams. results”
example, World Bank (2002) quotes how Nobel winner Gunnar Myrdal wrote off Indonesia in the 1960s only for it to emerge in the 1980s as a fast growing economy substantially reducing poverty aided by labour-intensive manufacturing exports. Even after the serious crisis of the late 1990s, poverty is far lower than in the early 1980s. Similarly, after descending into chaos and civil war in the first part of the 1980s, Uganda has emerged as a fast growing economy, delivering large poverty reduction in both rural and urban areas. While the card lists some countries which buckled expectations, the overall message is this: the Chinese/Indian globalization-fueled ascension is not replicable. The “past performance does not dictate future results” is a simple trope to describe the economic data on globalization for Con teams.
AdvancedLevelFeb15PFBrief.docx