What I learnt about growth policy at the World Bank

Brian Pinto 17 December 2014

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Growth concerns have gone global. Advanced economies are beset by fears of secular stagnation, the IMF recently cut estimates of potential growth in emerging markets by 1.5 percentage points relative to 2011, and G20 leaders approved 800 new measures at Brisbane 2014 for raising G20 GDP by an incremental 2.1% by 2018.1

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Topics:  Development Institutions and economics

Tags:  growth, secular stagnation, emerging markets, World Bank, structural reform, Transition economies, financial crisis, global crisis, debt overhang, exchange rates

Seven things I learned about transition from communism

Andrei Shleifer 05 February 2012

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Recently, I was asked by the organisers of the IIASA conference1 to mark the 20th anniversary of the beginning of economic reforms in Eastern Europe and former Soviet Union to comment on the lessons of transition. The assignment presumably refers to the things that I learned – as an economist – that are different from what I believed initially. Such a recollection free from hindsight bias is challenging, but I tried. This list might be useful to future reformers, although there are not so many communist countries left.

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Topics:  Development Global economy Politics and economics Welfare state and social Europe

Tags:  Russia, communism, Transition economies, capitalism

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