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Europe & Central Asia

The Past and Future of Export-led Growth

Submitted by Ihssane Loudiyi on Wed, 02/24/2010 - 11:32

by Shahid Yusuf

The history of development since 1950 is remarkable overall but it offers only a few outstanding success stories. These are based on the experience of a small handful of European and East Asian economies among which Germany, Finland, Japan, Korea, China, Malaysia, Thailand, Taiwan (China) and Singapore are the notable ‘high achievers’. Each sustained two or more decades of sustained rapid growth between 1955 and 1997. From among them, only China has continued forging ahead at near double digit rates since 2000. All the others have slowed.

An analysis of this unique body of experience yields five stylized facts which together underpin a particular model of development. The questions being asked insistently following the financial crisis of 2008-09, are: whether the export-led growth model can continue to shape the strategies pursued by the elite group of high achievers and also of late starters aspiring to emulate the performance of the East Asian economies? Or, whether changing global circumstances in the early 21st Century have rendered the model obsolete for most if not all economies and demand a fresh approach differentiated according to specific country circumstances?

Development Marketplace: Regional Grant Competitions

Submitted by Ignacio Hernandez on Thu, 02/19/2009 - 13:39

We already blogged about the Development Marketplace Grant Competition that could fund your innovative idea for climate adaptation.

Two other Regional Development Marketplace competitions are now accepting proposals:

- South Asia: Innovate for Nutrition.  Up to 25 grants of up to US$ 40,000 to implement the winning projects (deadline to apply March 31, 2009)

- Central Asia: Efficient Water Use for Agriculture. Up to 15 grants of up to US$25,000 (deadline to apply April 10, 2009)

 

Latin America and the Caribbean competition on Addressing Food Security coming soon.

Asian Economic Think Tanks pocket guide

Submitted by Ignacio Hernandez on Thu, 09/21/2006 - 16:49

A "handy guide to the leading Asia-Pacific think tanks working on development and economics", from our colleagues at the Asian Development Bank Institute.

 

Via Truck and Barter.

Russia: How to Sustain Growth in a Resource Based Economy?

Submitted by Ignacio Hernandez on Mon, 06/26/2006 - 17:08

Using the Russian case as an example, this OECD paper by Rudiger Ahrend looks at concepts such as the "Dutch Disease" or rich natural resource endowments "curses", and argues that the right economic policies can overcome or mitigate institutional pathologies traditionally associated with abundance of natural resources.

 

Read the full paper. 

 

Related: read a previous post in this blog with theory and evidence of the "Dutch Disease"

 

 

Via Development Gateway.