Following the 2008-2009 global financial crisis, economic growth has eluded many countries. Africa, on the other hand, is projected to host seven of the ten fastest growing economies in the period from 2011-2012. It has long been understood that high economic growth is a prerequisite for job creation, causing analysts to worry about the projected low global growth ...

This paper looks at the historical lessons that might serve to entrech Latin America's newly resurgent growth phase. It briefly reviews the post-World War II experiences in Latin America and Asia, focusing on the conditions that favored capital accumulation and productivity growth in the faster growing economies. Among these, the paper highlights the importance of ...