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CGD NOTES
May 03, 2023
The productivity drought and the unending search for GDP growth by high- and middle-income countries has drawn attention to the flagging vigor of large incumbent corporations and the need to groom a crop of "unicorns"—highly valued, entrepreneurial, superstar firms can potentially dial up competitio...
WORKING PAPERS
March 07, 2023
The Korean model of development that flowered in the final third of the twentieth century remains a fertile source of lessons for countries in sub-Saharan Africa attempting to achieve sustainably high rates of growth. Korea relied on two principal drivers. One was a high level of investment in manuf...
CGD NOTES
January 09, 2023
On balance, the Southeast Asian countries have done better than Latin American countries by pursuing export-led industrial strategies, however, unlike the Tigers, neither group has been able to enter the ranks of high-income countries. This note offers reasons for the shortfall in growth and briefly...
POLICY PAPERS
March 04, 2022
The East Asian export-led development model has served as a beacon for decades. For the many urbanized and rapidly urbanizing countries, the East Asian experience with and response to emerging challenges can be equally instructive. High-income East Asian economies are at or approaching peak urbaniza...
CGD NOTES
February 24, 2022
The worldwide shock inflicted by COVID-19 had the making of a “perfect crisis:” the kind that should not be wasted. Indeed, it could serve as an opportunity to initiate major reforms. Unfortunately, Pakistan, like virtually all other countries, has permitted the opportunity to go waste. Pakistan may...
Blog Post
October 25, 2021
As Afghanistan enters its harsh winter season, a massive humanitarian disaster appears increasingly likely. Facing food shortages, rising prices, and a breakdown in public services, millions of ordinary Afghans need immediate assistance as their country veers toward economic collapse.
Blog Post
September 09, 2021
Afghanistan’s history is blighted by the actions of foreigners. The near-neighbours have plenty on their consciences; others further afield do too, including the British a century ago, the Russians in the 1980s, and the US-led NATO coalition over the last 20 years. So who wants what now?
CGD NOTES
August 19, 2021
Vietnam’s development since the early 1990s has given new life to the East Asian export-led growth model. For late starting economies, Vietnam’s experience provides valuable lessons not only on the policy initiatives that can deliver positive results, but also on the inevitable and the potentia...
Blog Post
June 16, 2021
Among South Asian economies, Bangladesh is touted as a rising star. But is the praise entirely justified? Can Bangladesh now serve as a model for other countries, perhaps offering an alternative to the longstanding East Asian export-led growth paradigm? The jury is still out however, and the e...