One of the more important yet puzzling aspects of the recent global stagflation has been the rather surprising resiliency of growth rate of real income in non-oil developing countries during the 1973-80 period in the face of the market slowdown of corresponding growth rates in the industrial world. The primary purpose of this paper is to shed some light on the phenomenon by examining the relationship between the rate of economic growth in the non-oil developing countries and that in the industrial countries over the past decase or so
Notes
"August 1982."
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