It is so helpful to have this overview assesment in concentrated form.
In public debates about the pros & cons of economic growth in rich countries there is often the idea “Growth in rich countries is unimportant/bad—but, yes, for poor countries it is important to still grow”.
The kind of work you portray about spillovers puts the viability of the idea “growth in poor countries without growth in rich countries” into question and helpfully puts numbers on how strongly growth in rich countries is linked to growth in poor countries.
It is so helpful to have this overview assesment in concentrated form.
In public debates about the pros & cons of economic growth in rich countries there is often the idea “Growth in rich countries is unimportant/bad—but, yes, for poor countries it is important to still grow”.
The kind of work you portray about spillovers puts the viability of the idea “growth in poor countries without growth in rich countries” into question and helpfully puts numbers on how strongly growth in rich countries is linked to growth in poor countries.