01823cas a2200253 a 4500 AALejournalIMF003920 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451862812 1018-5941 BD-DhAAL BD-DhAAL Chamon, Marcos. Economic Transformation, Population Growth, and the Long-Run World Income Distribution / Marcos Chamon, Michael Kremer. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper considers the long-run evolution of the world economy in a model where countries' opportunities to develop depend on their trade with advanced economies. As developing countries become advanced, they further improve trade opportunities for the remaining developing countries. Whether or not the world economy converges to widespread prosperity depends on the population growth differential between developing and advanced economies, the rate at which countries develop, and potentially on initial conditions. A calibration using historical data suggests that the long-run prospects for lagging developing regions, such as Africa, likely hinge on the sufficiently rapid development of China and India. Mode of access: Internet Kremer, Michael. IMF Working Papers; Working Paper ; No. 2006/021 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/021/001.2006.issue-021-en.xml IMF e-Library