economic growth
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New Opportunities 2021: India plans reforms shielded by robust economic growth
India will rely on targeted supply-side spending to help resurrect the country’s Covid-battered growth. Narendra Modi’s government also hopes to implement critical but long-delayed structural reforms that could become possible if economic recovery is as strong as expected. The plan hinges on a stretch goal: exceeding 14 percent nominal GDP growth rate in the upcoming fiscal year.
Fast growth in 2021, but not for everybody
Many forecast that 2021 will be characterized by vigorous growth and that, by the end of the coming year, the world economy will have recovered from the 2020 losses. The author takes a more discriminating view and argues that only a few countries, China among them, will be back on ...
Examining Latin America’s ‘puzzle’ of low growth
Why do Latin American countries remain mired in sluggish economic growth? Economists have addressed the question with reams of analysis, but the answer is simple: low productivity. That in turn, has been caused by government involvement in the economy that has stifled competition and innovation. The real puzzle is what ...
Measuring prosperity: The quest to replace GDP
For years, gross domestic product (GDP) has been the dominant metric for evaluating a country’s economic progress. Recently, however, it has come under criticism for not including factors such as equality or environmental sustainability. Replacing it is a tricky task that relies on a lot of subjective judgments. But if ...
Restarting economies: Benefits of the bottom-up approach
Restarting an economy is much more difficult and complicated than shutting one down. So far, countries that have used a bottom-up approach, where businesses are allowed to decide for themselves how to meet health requirements, are faring better than those trying to micromanage the reopening from the top down. The ...
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