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.
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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...
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The Belt and Road Initiative (BRI) announced in 2013 by President Xi Jinping has been widely acclaimed. However, in some quarters the support has been tempered by worries as to China’s underlying geostrategic ambitions, uncertainty regarding longerterm economic benefits, and a concern that BRI would burden participating countries with debt...
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Searching for viable growth strategies for Sub-Saharan Africa, this Policy Brief argues that we should not forget agriculture, where the continent has a comparative advantage and where new technologies offer the possibility of major productivity gains. Technical solutions combined with institutional reforms can work.
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This policy note first identifies some of the new technologies and summarizes some of the evidence of the past impact of automation on jobs in developed countries. It then surveys some of the projected impact of new technologies on jobs, and identifies some of the factors that will influence outcomes in developing countries. Finally, this note considers the potentially broader impact of new tec...
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