Growth in a Time of Disruption (Michael Spence, Project-Syndicate)

Developing countries are facing major obstacles – many of which they have little to no control over – to achieving sustained high growth. Beyond the headwinds generated by slow advanced-economy growth and abnormal post-crisis monetary and financial conditions, there are the disruptive impacts of digital technology, which are set to erode developing economies’ comparative advantage in labor-intensive manufacturing activities. With the reversal of these trends out of the question, adaptation is the only option.

https://www.project-syndicate.org/commentary/developing-countries-growth-models-by-michael-spence-2016-07