The remarkable rise of the emerging economies is widely recognized, but it is wrong to see this merely as a change in their relative positions as the result of a drop-off in developed countries due to the Lehman Shock. A sea change in the global mechanism for economic development had been taking place that included not only emerging economies but also developing countries even before the economic crisis. Driving this metamorphosis was the explosive spread of information technology (IT) symbolized by the cell phone.
|Number of pages||3|
|Specialist publication||Japan Spotlight|
|Publication status||Published - Apr 2013|
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance(all)