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IMF and World Bank Annual Meetings 2016: Leveraging Global Growth in Challenging Times

Beginning this Friday, the Annual Meetings of the IMF and World Bank will take place against the backdrop of a still-sputtering global economy, a growing number of displaced people, and a warming climate. In the face of these headwinds, a major priority for the multilaterals has to be to energize their members to spur global growth while also helping to address the challenge of global public goods.

New Structural Economics: Industrial Policy 2.0 or Same Old Structuralism?

This is a joint post with Julia Clark and Christian Meyer.

Industrial policy—as many have already commented—is back. (See here, here and here).

The recent wave of post-financial-crisis interventionism has reignited the classic (and often heated) debate about whether governments can in fact nurture economic growth. Previous analysis of the East Asian miracle, and frustration at the perceived failure of certain liberalization policies, has led many to (again) embrace a more activist role for governments in economic development.