Scandinavian Working Papers in Economics
Lund Papers in Economic History,
Lund University, Department of Economic History
No 233: Resilience to shrinking as a catch-up strategy: a comparison of Brazil and Indonesia, 1964–2010
Tobias Axelsson () and Igor Martins ()
Additional contact information
Tobias Axelsson: Department of Economic History, Lund University, Postal: Department of Economic History, Lund University, Box 7083, S-220 07 Lund, Sweden
Igor Martins: Department of Economic History, Lund University, Postal: Department of Economic History, Lund University, Box 7083, S-220 07 Lund, Sweden
Abstract: 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.
Keywords: economic shrinking; income convergence; natural states; social capabilities; Latin America; Asia
Language: English
38 pages, January 19, 2022
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