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  • 1 https://isni.org/isni/0000000404811396, International Monetary Fund

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1

This paper was written as a supporting study for the World Economic Outlook. Nicholas Crafts is a professor of Economic History at the London School of Economics. The author is grateful to Michael Mussa, Flemming Larsen, Tamim Bayoumi and participants at an IMF seminar for useful comments on an earlier draft.

1

The study does not take account of the recent change in National Income Account definitions, which have led to a significiant upward revision in recent growth rates, largely through reclassifying spending on computer softwaare as investment.

Globalization and Growth in the Twentieth Century
Author: Mr. N. F. R. Crafts