This paper provides the first evidence that countries with high education levels were more successful in developing comparative advantage in products unrelated to those they already export.
This paper analyzes actions and financial packages implemented to combat the coronavirus disease (COVID-19) pandemic by ADB’s 68 members, the European Central Bank, and the European Union.
This paper shows why aggregate production functions seem to work empirically.
This paper investigates the claim that national labor markets have become more globally interconnected in recent decades.
This analysis has important implications to understand the People's Republic of China's transition to a “New Normal” of a lower growth rate.
Growth rates approaching 10% per annum in East Asia required active governments that directed and consciously accelerated industrial development through the use of industrial policies.
The single most important factor that explains East Asia’s development success was its fast structural transformation toward industrialization, manufacturing in particular.
The Philippines posted an average growth rate of 6.4% during 2010–2017, quite impressive for historical standards.
The 1990s witnessed perhaps one of the most important debates in the history of growth and development on the sources of growth in East Asia.
A key aspect of modern industrial policy is embedding private initiative in a framework of public action to encourage diversification, upgrading, and technological dynamism to achieve development in the twenty-first century.