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CGD NOTES
Growth Performance of Middle-Income Countries: East Asia vs. Latin America
Shahid Yusuf
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...
CGD NOTES
Shock-Proofing the Semiconductor Supply Chain: The Role of Industrial and Other Policies
Shahid Yusuf
November 29, 2022
The importance of semiconductors to the functioning of so many activities was brought home when the COVID-19 pandemic disrupted production and trade. The shortage of semiconductors forced a cutback in the output of vehicles, consumer durables, and electronic equipment of all kinds, inflicting heavy ...
CGD NOTES
Is Pakistan a Normal Economy?
Shahid Yusuf
June 01, 2022
Simon Kuznets’ pathbreaking study of modern economic growth was published in 1966.[1] In it and in preceding monographs he identified the salient characteristics of economic change based on data from national accounts, the construction of which he pioneered.
POLICY PAPERS
East Asian Cities: Past Development and Onrushing Challenges
Shahid Yusuf
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
Pakistan’s Crises: The Making of a Perfect Storm
Shahid Yusuf
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...
CGD NOTES
How Four Small Successful Economies Improved Upon the Standard Growth Recipe
Shahid Yusuf
October 12, 2021
From the final decade of the twentieth century, four small economies were quick to capitalize on the developmental advantages conffered by globalization. Although they did not escape buffeting from periodic regional and international crises, Dubai, Ireland, Panama, and Singapore managed to sustain m...
CGD NOTES
Staying Cool as the Climate Warms
Shahid Yusuf
September 08, 2021
Unprecedented heat waves and wildfires in 2021 are a warning of worse to come and a signal that the tempo of climate change may be quickening. A warmer planet subject to frequent and destructive severe weather events will be less livable, the productivity of economic activities will suffer, and high...
CGD NOTES
Vietnam: The East Asian Model Redux
Shahid Yusuf
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
Bangladesh: Growth Miracle or Mirage?
Shahid Yusuf
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...
Blog Post
Shahid Yusuf on Sounds Robotic: A CGD Podcast
Charles Kenny
February 13, 2019
In this episode of Sounds Robotic, host Charles Kenny talks with Shahid Yusuf, who argues that the old path to rapid growth—manufacturing export goods—is less and less of an option for poorer countries, and there isn’t a clear new path to replace it.

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