Recouping x Switchover (Canuto)

Recouping or switchover developing countries in the global economy, presentation by Otaviano Canuto in the UNICAMP. He answers why the developing countries as a whole had been growing faster than advanced economies. In this environment two questions arise. Will developing economies experience a renewed downward, recoupling as a result of a low-growth scenario in advanced economies? Or, on the contrary, could developing countries, switch over to became locomotives in the global econonomy, he try to sketch what would be the factors pushing in these two opposite directions. (see PDF attached)