All the Way to the Top: Industrial Policy, Innovation, and Sustained Growth

2019-11-13T08:30:17-05:00November 13, 2019|

By Reda Cherif and Fuad Hasanov

The odds of poor or middle-income countries achieving the stardom of the “Asian Miracles” within a generation or two, or even three, are small. Between 1960 and 2014, only 16 developing economies worldwide were able to vault into high-income status, and many of those were fortunate enough to have discovered oil or join the European Union. […]

New Data on Global Debt

2019-03-13T10:35:33-04:00January 2, 2019|

January 2, 2019
Pedestrians in the snow in Tokyo, Japan: the country is one of the top three borrowers in the world (photo: Morio Taga/Newscom)
Until recently, we had a partial view of global debt. Our new update to the IMF’s Global Debt Database, first made public in May 2018, now fills even more of the gaps. We have compiled data on public and private debt for 190 countries, dating back to 1950, which now includes the latest numbers for 2017.

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