Resilience to Economic Shrinking : A Social Capability Approach to Processes of Catching up in the Developing World 1951-2016
This paper highlights and assesses the importance of the role of economic shrinking for the long-term growth process in the developing world over the period 1951-2016. On the basis of descriptive analysis it shows that resilience to shrinking, even among the miracle economies in Pacific Asia, plays a more important role for successful catching up than economic growth per se. The paper then propose