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Convergence Between Developed and Developing Countries
Are countries at a low level of socio-economic development catching up with developed countries over time or rather falling further behind? Existing work on the subject is not conclusive, partially due to methodological differences. The aim of the paper is to carry out a broader analysis with longer time series and a more diverse set of indicators. The study divides countries of the world into 21 developed \"benchmark\" countries and 156 developing countries. The distance between the benchmark and developing countries is measured using the \"time lags\" method, applied here to nine indicators covering topics such as the economy, health, education and the environment. The study further utilizes a probabilistic approach to extrapolate missing historical data for developing countries, so that the analysis can cover a full century starting in 1920 and ending with short-term projections to year 2020. The study finds that a majority of developing countries, and the population-weighted developing world as a whole, has reduced its lag in most indicators between 1920 and 2020. Progress was unevenly distributed, with East Asian and European countries converging the most with the benchmark, while most African countries have diverged along with some American ones. Catch-up in education attainment and life expectancy has been more successful than in infant survival rate, GDP per capita or technology adoption. The findings are put in context of United Nations' Sustainable Development Goals, showing how the time lag method could improve setting targets for some of the goals. Further, time lags are used to analyze the current demographic, economic and political situation of developing countries, identifying opportunities and risks for future catch-up with developed countries.
Journal Article
Atlas of sustainable development goals 2018 : from world development indicators
The Atlas of Sustainable Development Goals 2018 is a visual guide to the trends, challenges and measurement issues related to each of the 17 Sustainable Development Goals. The Atlas features maps and data visualizations, primarily drawn from World Development Indicators (WDI) - the World Bank's compilation of internationally comparable statistics about global development and the quality of people's lives. Given the breadth and scope of the SDGs, the editors have been selective, emphasizing issues considered important by experts in the World Bank's Global Practices and Cross Cutting Solution Areas. Nevertheless, The Atlas aims to reflect the breadth of the Goals themselves and presents national and regional trends and snapshots of progress towards the UN's seventeen Sustainable Development Goals related to: poverty, hunger, health, education, gender, water, energy, jobs, infrastructure, inequalities, cities, consumption, climate, oceans, the environment, peace, institutions, and partnerships.
eBook
Understanding food loss patterns across developed and developing countries using a GDP, growth rate, and health expenditure-based typology
Food loss and waste (FLW) threaten progress toward Sustainable Development Goals (SDG) 12.3, yet their distribution by development stage remains under-quantified. We created a time-weighted K-means typology for 105 countries (2000–2022) using Gross Domestic Product (GDP) per capita, GDP growth, and per-capita health expenditure—indicators chosen to capture economic capacity, growth momentum, and institutional investment. The scheme classified nations as developed (
n
= 13), developing (
n
= 92), or hybrid, with > 98% membership stability across weighting parameters. Linking this typology with FAO’s FLW data, we modelled food loss percentages (FLP) across ten commodity groups and eight supply-chain stages using multilevel mixed-effects regression. Developed countries lost the most food at consumption (22.5%), dwarfing developing (6.8%) and hybrid cases (9.0–14.2%), whereas developing nations suffered greater upstream losses at harvest/on-farm (3.7%). FLP in developing economies was significantly lower for grains (β = − 8.02,
p
= 0.007), oilseeds (β = − 19.29,
p
= 0.016) and pulses (β = − 5.43,
p
= 0.021). From 2000 to 2022, oilseed and sugar losses rose (β = 0.26,
p
< 0.001), while roots/tubers and dairy/eggs declined (β = − 0.31, − 0.89;
p
< 0.01). Stage analyses revealed pronounced development gaps at consumption (β = − 16.06,
p
< 0.001) and processing (β = − 5.58,
p
= 0.014), alongside a rising trend in marketing/retail losses (β = 0.25,
p
= 0.005). Country-level random effects explained up to 90% of variance, underscoring the dominance of local conditions. The evidence supports consumer-behaviour interventions in high-income settings, upstream infrastructure investment in developing regions, and dual-track strategies in hybrids. Our typology provides a scalable, policy-ready lens for designing targeted FLW actions aligned with SDG 12.3.
Journal Article
Drying Climates and Gendered Suffering
HIV/AIDS represents the leading cause of death among women of reproductive age globally, and gender inequalities in the burden of HIV/AIDS are most pronounced in poorer countries. Drawing on ideas from feminist political ecology, we explore linkages between suffering from drought, food insecurity, and women's vulnerability to HIV. Using data from 91 less-developed countries, we construct a structural equation model to analyze the direct and indirect influence of these factors, alongside other socio-economic indicators, on the percentage of the adult population living with HIV that are women. We find that droughts are significant in shaping gender inequalities in the HIV burden indirectly through increased food insecurity. We draw on prior research to argue that due to gendered inequalities, food insecurity increases women's vulnerability to HIV by intensifying biological susceptibilities to the disease, reducing access to social and health resources, and motivating women to engage in risky sexual behaviors, such as transactional sex. Overall, our findings demonstrate that droughts serve as an important underlying factor in promoting HIV transmission among vulnerable women in poor countries, and that food insecurity is a key mechanism in driving this relationship.
Journal Article
Estimating Trade Restrictiveness Indices
Studies of the impact of trade restrictiveness on growth, poverty or unemployment are frequent in the academic literature. Few authors, however, provide a precise definition of what they mean by trade restrictiveness. When they do, the definition is unlikely to have tight links with trade theory. The objective of this article is to fill this gap by providing for 78 developing and developed countries clearly defined indicators of trade restrictiveness that are well grounded in trade theory. Results suggest that poor countries tend to have more restrictive trade policies but they also face higher trade barriers on their exports.
Journal Article
Catechizing the Environmental-Impression of Urbanization, Financial Development, and Political Institutions: A Circumstance of Ecological Footprints in 110 Developed and Less-Developed Countries
This study stabs to probe the impact of financial development, urbanization, trade openness, political institutions, and energy consumption on the ecological footprints (EF), within the framework of EKC, of 110 countries congregated by income levels, over the time span of 1996–2016. The final outcome of cross-sectionally weighted Panel EGLS and multi-step A-B GMM evidently reinforced the existence of EKC hypothesis in case of EF both in developed and less-developed countries. This study finds the destructive environmental impact of composition effect and energy consumption while political institutions, trade openness, and urbanization have constructive environmental effect. Financial development reduces the human demand on nature only in less-developed countries. The ultimate consequences of this study are equipped with several policy recommendations for the concerned authorities.
Journal Article
Analysis of financial convergence between the BRICS and OECD countries
Financial convergence is a process for establishing a relationship among the financial markets of different countries; as a result of such process the rates of similar financial assets in different markets and countries become very close to each other. Some factors might create financial convergence. of which the trade and international capital flows among countries, the presence of banks and other financial institutions in the international arena, the availability of clear and accurate information of markets and financial organizations, and the existence of similar infrastructure and their characteristics from economic, legal and cultural perspectives can be mentioned. The issue of financial convergence with the aim of achieving global financial markets and taking advantage of its capabilities and characteristics would be very important for all countries, especially the emerging countries. This study examines financial convergence in the money and capital markets of the Organization for Economic Co-operation and Development (OECD) and BRICS countries in the period of 2007–2020. The study utilizes the Panel Convergence Methodology and Cluster Analysis (Philips and Sul methodology) along with a clustering algorithm. The findings indicate a lack of overall convergence between OECD and BRICS countries in both financial markets (money and capital) this is due to the lack of similar economic infrastructure, differences in the size of the economy, and variations in trade, financial and monetary freedom indicators, trade relations, and capital transfers. The cluster test in the money market confirms the existence of 3 convergence clubs among the studied countries. The convergence of emerging BRICS countries in the money market, with a large number of OECD developed countries, is a confirmation of the development of their banking sector in the recent years. On the other hand, the capital market survey also shows the presence of 5 convergence clubs between OECD and BRICS countries. Besides, it’s been shown that South Africa, along with Lithuania, Turkey, Slovakia and Latvia, has established a divergent group.
Journal Article
The changing wealth of nations : measuring sustainable development in the new millennium
This book is about development and measuring development progress. While precise definitions may vary, development is, at heart, a process of building wealth, the produced, natural, human, and institutional capital which is the source of income and wellbeing. A key finding is that it is intangible wealth, human and institutional capital, which dominates the wealth of all countries, rising as a share of the total as countries climb the development ladder. The book is divided into two parts. The first part provides the big picture of changes in wealth by income group and geographic region, with a focus on natural capital because it is especially important for low-income developing countries. The second part presents case studies that illustrate particular aspects of wealth accounting, including accounting for climate change, the role of intangible capital in growth and development, measuring human capital, and the use of wealth accounting to improve transparency and governance in resource-rich economies. The final chapter reports on the implementation of wealth accounting by countries. The appendixes provide the full wealth accounts for individual countries and for aggregations by income group and geographic region.
eBook
In Search of Prosperity
The economics of growth has come a long way since it regained center stage for economists in the mid-1980s. Here for the first time is a series of country studies guided by that research. The thirteen essays, by leading economists, shed light on some of the most important growth puzzles of our time. How did China grow so rapidly despite the absence of full-fledged private property rights? What happened in India after the early 1980s to more than double its growth rate? How did Botswana and Mauritius avoid the problems that other countries in sub--Saharan Africa succumbed to? How did Indonesia manage to grow over three decades despite weak institutions and distorted microeconomic policies and why did it suffer such a collapse after 1997?
What emerges from this collective effort is a deeper understanding of the centrality of institutions. Economies that have performed well over the long term owe their success not to geography or trade, but to institutions that have generated market-oriented incentives, protected property rights, and enabled stability. However, these narratives warn against a cookie-cutter approach to institution building.
The contributors are Daron Acemoglu, Maite Careaga, Gregory Clark, J. Bradford DeLong, Georges de Menil, William Easterly, Ricardo Hausmann, Simon Johnson, Daniel Kaufmann, Massimo Mastruzzi, Ian W. McLean, Lant Pritchett, Yingyi Qian, James A. Robinson, Devesh Roy, Arvind Subramanian, Alan M. Taylor, Jonathan Temple, Barry R. Weingast, Susan Wolcott, and Diego Zavaleta.
eBook