TY - BOOK ID - 84658518 TI - Growth comeback in developing economies : a new hope or back to the future? PY - 2013 SN - 1484370201 1484358864 1484326431 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Economic development KW - Developing countries KW - Economic conditions. KW - Exports and Imports KW - Foreign Exchange KW - Macroeconomics KW - Public Finance KW - Business Fluctuations KW - Cycles KW - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General KW - Macroeconomic Analyses of Economic Development KW - Monetary Growth Models KW - Debt KW - Debt Management KW - Sovereign Debt KW - Aggregate Factor Income Distribution KW - Trade: General KW - International Lending and Debt Problems KW - International economics KW - Currency KW - Foreign exchange KW - Public finance & taxation KW - Real exchange rates KW - Public debt KW - Income inequality KW - Export performance KW - External debt KW - National accounts KW - International trade KW - Debts, Public KW - Income distribution KW - Exports KW - Debts, External KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84658518 AB - Growth takeoffs in developing economies have rebounded in the past two decades. Although recent takeoffs have lasted longer than takeoffs before the 1990s, a key question is whether they could unravel like some did in the past. This paper finds that recent takeoffs are associated with stronger economic conditions, such as lower post-takeoff debt and inflation levels; more competitive real exchange rates; and better structural reforms and institutions. The chances of starting a takeoff in the 2000s was triple that before the 1990s, with domestic conditions accounting for most of the increase. The findings suggest that if today’s dynamic developing economies sustain their improved policies; they are more likely to stay on course compared to many of their predecessors. ER -