Learning from Developing Country Experience: Growth and Economic Thought before and after the 2008–09 Crisis

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues.An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished.The papers carry the names of the authors and should be cited accordingly.The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors.They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent. Policy Research Working Paper 5752The aim of this paper is twofold.First, it documents the changing global landscape before and after the crisis, emphasizing the shift towards multipolarity.In particular, it emphasizes the ascent of developing countries in the global economy before, during, and after the crisis.This paper is a product of the Development Economics Vice Presidency.It is part of a larger effort by the World Bank to provide open access to its research and make a contribution to development policy discussions around the world.