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Portrait of Tobias Axelsson. Photo.

Tobias Axelsson

Senior lecturer, Director of first and second cycle studies, Department of Economic History

Portrait of Tobias Axelsson. Photo.

Resilience to shrinking as a catch-up strategy: a comparison of Brazil and Indonesia, 1964–2010

Author

  • Tobias Axelsson
  • Igor Martins

Summary, in English

Development economics has long focused on growth patterns to explain countries’ ability to catch up and forge ahead. We argue, however, that resilience to economic shrinking matters more. Using the examples of Brazil and Indonesia, we propose that a framework consisting of social capabilities – namely structural transformation, autonomy, and inclusion – can explain why Indonesia is more resilient to economic shrinking than Brazil and why the country is more likely to be successful in its catching-up process.

Department/s

  • Department of Economic History

Publishing year

2022

Language

English

Publication/Series

Lund papers in Economic History

Issue

2022:233

Document type

Working paper

Topic

  • Economic History

Keywords

  • economic shrinking
  • income convergence
  • natural states
  • social capabilities
  • Latin America
  • Asia
  • N10
  • O20
  • O43

Status

Published