Economic Growth

More from the Series

Blog Post
IMF and World Bank Annual Meetings 2016: Leveraging Global Growth in Challenging Times
October 04, 2016
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 energi...
WORKING PAPERS
Glimpsing the End of Economic History? Unconditional Convergence and the Missing Middle Income Trap - Working Paper 438
Sutirtha Roy et al.
September 29, 2016
This paper suggests a reinterpretation of global growth—encompassing notions of unconditional convergence and the middle income trap—in the past 50 years through the lens of growth theory. The last 20-30 years have been a golden era of convergence, challenging the new conventional w...
Blog Post
Gasoline, Guns, and Giveaways: Is the End of Three-Quarters of Global Poverty Closer than You Think?
August 05, 2016
Amartya Sen’s famous study of famines found that a nation’s people died not because of a food shortage but because some people lacked entitlements to that food. In a new CGD working paper with Chris Hoy, we ask if a similar situation is now the case for global poverty...
Blog Post
What Was Missing from the White House Global Development Summit
July 21, 2016
Yesterday at the White House Summit on Global Development, as President Obama outlined the programmatic successes of his administration’s global development policy (all genuine and worthy of acclaim), he didn’t even bother to mention the response to the global financial crisis ...
POLICY PAPERS
People, Productivity, and Policy: Product Growth Perspective in the Medium and Long Run in Brazil
July 18, 2016
In spite of the attention received by the short-term crisis, Brazil faces a more serious problem, namely a long-term lack of growth or even perspectives of growth. If Brazil reforms its economic institutions and puts an end to state capitalism and economic nationalism, its labor productivity will gr...
Blog Post
Nigeria Lifts Fuel Subsidies, but Misses the Chance to Follow India into the Future
May 12, 2016
After several starts and stops, the Nigerian government has finally removed fuel subsidies, resulting in an overnight price hike of 67 percent. The economic logic of subsidy reform is clear. What’s notable, and potentially problematic, is that the government is planning to use a...
Blog Post
World Bank Awards Zimbabwe a Prize for Competition? Not Quite
May 04, 2016
We were bemused to read the World Bank’s press release of April 28, dateline Singapore: “The winners for the 2015-2016 Competition Advocacy Contest are: Mexico and Zimbabwe for competition advocacy in fast growing and innovative markets.” Hmmm.