By 2015, the “new-normal” state of the world economy, including slow growth and higher indebtedness, had given way to a global malaise or low-growth equilibrium that had both demand and supply factors at its core.
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In this policy brief, Mila Freire, the Growth Dialogue's Senior Advisor, reviews the challenges of African urbanization as well as opportunities for sustainable development in the region.
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This policy note comments on the resurgence of capital inflow controls and suggests that in many cases, greater reliance on the foreign exchange market may be more effective in limiting volatile hot-money inflows and disruptions.
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China—and to some extent Brazil and India (which we may christen the BICs)—are staging a ”Great Convergence” in terms of industrial strength and incomes. This reverses the past two centuries of the Great Divergence, which has separated them from the West. In the process, the BICs are lifting millions of people out of poverty.
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The Changing Landscape of Innovation after the Economic Crisis: Notes from the Paris Symposium
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