To sustain growth, China can learn from previous transitions to high income
By Martin Raiser, Hoon Sahib SohIn a previous blog, one of us, Martin, argued that China’s rise from poverty to upper-middle-income is consistent with predictions of well-known development models. In this blog, we posit that China’s current development challenges and the policies needed to sustain growth across the threshold to high income and beyond are…
Warning to Democrats: Economy points to a Trump win
The Moody’s model finds that Trump would win based on three different sets of state-level economic and political data.
October 2019 update to TIGER: Sliding into synchronized stagnation
By Eswar Prasad, Ethan Wu A worldwide slowdown is giving way to a synchronized stagnation characterized by weak growth in some major economies and essentially no growth or even mild contraction in others. Fears of an imminent global recession seem premature, but policymakers seem at a loss about how to revive growth, with little appetite…
Broadband adoption is on the rise, but states can do much more
By Lara Fishbane, Adie Tomer Presidential elections are a great time to take stock of what issues matter to voters, and, based on early indicators, solving the country’s digital divide is certainly one of them. Senator Elizabeth Warren and Mayor Pete Buttigieg have each introduced sweeping plans to address broadband inequities, including gaps in physical…
Talent-driven economic development: A new vision and agenda for regional and state economies
By Joseph Parilla, Sifan Liu Talent-driven economic development underscores a fundamental tenet of the modern economy: workforce capabilities far surpass any other driver of economic development. This paper aims to help economic development leaders recognize that the future success of both their organizations and regions is fundamentally intertwined with talent development. From that recognition, its…
Economic adjustment in conflict-affected and fragile states in Africa: Lessons from Somalia
Fragile states in Africa, like Somalia, are grappling with tensions and tradeoffs between development imperatives and stabilization objectives, the need for economic stimulus and debt sustainability, and global financial stewardship and transparency. At the same time, both of these fragile states need to strengthen local public sector and private sector capacity. Indeed, the two countries…
Development Seminar | Economic openness across India: the opportunities, challenges and risks
Our next Development Seminar is on “Economic openness across India: the opportunities, challenges and risks” where the Legatum Institute will launch the Global Index of Economic Openness (GIEO) and its India specific case study that assesses the nature of economic openness across the country, with a focus on particular states and regions. Abstract: Prosperity entails much more than financial and material…
‘An existential political risk’: Trump manufactures a swing-state problem
As China trade talks resume, key 2020 swing states are flashing trouble.
Just blame it on millennials: They are investing in experiences, not consumption and commodities
By Bhaskar Chakravorti