Microfoundations of Economic Growth
Most growth analysis has been primarily a macroeconomic subject with particular emphasis on contribution of capital, education adjusted labor, and total factor productivity to output growth (see...
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My Own View on Women
On Monday, the world marked International Women’s Day. As a husband and father of strong, wonderful women, I am always very much aware of the occasion.
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Re-visiting Exchange Rate Regimes
The choice of exchange rate regimes by governments has evolved since the 1990s. In the early 1990s, as transition economies joined the world economy, they pegged to the Deutsche Mark, while the East...
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The Service Revolution
by Ejaz Ghani China and India are both racing ahead economically. But the manner in which they are growing is dramatically different. Whereas China is a formidable exporter of manufactured goods, India...
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South Korea won its first World Cup match, can it score for development, too?
Ngozi Okonjo-Iweala (left) and Il Sakong (right)
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The Next Wave of This Crisis
After all is said and done, this crisis had its genesis in US and European countries living beyond their means. This was reflected in large current account deficit which was financed by emerging...
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Shoe Molds and Scuba Divers: How Natural Disasters Affect Our Supply Chains
Like the massive earthquake in Japan earlier this year, the floods in Thailand are again exposing the vulerabilities of fragmented global supply chains.Last month, a team of economists from PREM’s...
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Why Dwell Time Matters
The state-owned operator of Indonesia’s Tanjung Priok Port is taking major steps to decrease congestion at the country’s main gateway. The company, Pelindo II, recently announced it will increase...
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Unemployment rates are falling—but what about youth and women?
Persistently high unemployment rates continue to trouble policymakers in developed and developing countries alike—but the recent Job Trends report brings some good news. After successive years of...
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Like a Hummingbird – From Chile to Mongolia
Increased cross-learning and cooperation among developing countries has been a remarkable feature of the global economy in recent decades. It's been some time now since knowledge and technology flowed...
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Is There a New Consensus on Development Policy Under Korea's Knowledge...
On October 15, World Bank Group President, Jim Yong Kim, and South Korea’s Minister of Strategy and Finance, Jaewan Bahk, announced the opening of a new World Bank Group Office in Korea in 2013, to...
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The East Asian Miracle 2.0
Almost 20 years ago, the World Bank released a groundbreaking report – The East Asian Miracle– that called worldwide attention to the economic success of eight economies in the region, leading to a...
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