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What Can Drive the Republic of Korea’s Future Growth?
As highlighted by a recent report entitled “Is Korea’s Economic Growth Miracle Over?” (Davies 2024) there is considerable concern that the current growth model that has fostered the Republic of Korea’s meteoric rise is in dire need of refurbishment. Korea’s strong growth performance prior to the Financial Crisis of 2008–09 was halved between 2011 and 2019 to an average…
Growing with Unicorns: Can Korea Reboot its Growth Strategy?
Every country irrespective of its position on the income ladder is committed to growing its economy—occasional talk of ‘degrowth’ notwithstanding (Bokat- Lindell 2021). Countries expressing greater awareness of risks associated with climate change and environmental degradation want growth to be green and sustainable. Those that perceive the political and social costs…
A Post-Pandemic Growth Strategy for Southern and Eastern Mediterranean Countries
The global pandemic has resulted in some lasting scars for many Emerging Market Economies, but it has also prompted a re-examination of existing development strategies for growth and development. The countries of the Southern and Eastern Mediterranean (SEMCs) have seen their development trajectories dimmed…
Food and Water Security: Important Post-Pandemic Drivers of Economic Growth and Social Development in the MENA Region
Among the Middle East and North Africa (MENA) countries hit hard by the impact of COVID-19, water and food security are important drivers of economic growth and social development. These countries are at a crossroads and urgent action needs to be taken to avoid an impending crisis.
Climate Change and Economic Growth: What Lies Ahead
Mean global temperatures have risen by 1.2°C over the preindustrial average and already there is mounting evidence that the environmental impact is accelerating. Severe weather events have become more frequent, with increasingly destructive wildfires, prolonged droughts, thinning Arctic ice, vanishing glaciers…
It May Be Harder for Central Banks to Manage Recoveries than Economic Downturns?
Recent statements from the U.S. Federal Reserve may seem puzzling to some and downright annoying to others. What comes through rather clearly, however, is that the Fed is not quite sure how to handle the economic recovery. And it is not alone.
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