Dani Rodrik redoes his convergence result with better data

And it still holds up.  He concludes with this scary bit:

Almost all of the growth miracles of the last 60 years were based on rapid industrialization. Today, technological changes and global competition are fostering rapid de-industrialization (in terms of employment shares) almost everywhere.  This makes me wonder whether the kind of rapid growth experienced by countries like South Korea, Taiwan, and China will ever become possible elsewhere.

The new paper can be downloaded here.


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