Welcome to the Growth Blog

The Growth Blog is a forum for you - the policy maker, the academic, the student, and the interested citizen of the world - to agree, disagree, or simply to engage current practitioners on policies and issues critical to development. This platform was inspired by the series of meetings that the Commission on Growth and Development held around the world over the course of the last two years. Of the many lessons that emerged in the deliberations, the one that stands out is that inclusive growth requires inclusive thinking, and inclusive discussion.

 

Danny Leipziger

Reconciling Short-Term Economic Management with Long-Term Growth Objectives

Submitted by Danny Leipziger on Tue, 11/11/2008 - 13:53.

Some may wonder how the observations of the Growth Report, dealing with sustainable high growth patterns over long periods, can be reconciled with policy choices currently facing government decision-makers.  Clearly the food and fuel price spikes earlier in 2008, followed by the financial meltdown affecting all markets, were dramatic challenges, especially for poorer developing economies, but also for emerging market economies generally. This will inevitably be followed by a global recession in 2009, a slow-down that has already started, even in China, the world’s dominant growth engine in recent years.

Hamilton Project - Growth Commission Event, April 14, 2008

Submitted by Administrator on Thu, 05/29/2008 - 13:59.

On Monday, April 14, the Commission on Growth and Development, along with the Hamilton Project at The Brookings Institution held a joint event to discuss the paper coauthored by Mohamed El Erian and Michael Spence, entitled “Growth Strategies and Dynamics: Insights from Country Experiences”.  The Hamilton Project, initiated in April of 2006, is tasked with producing research and policy proposals in order to create a growing economy that will benefit more Americans. The Growth Commission, similarly, is examining policies that will ensure sustained high inclusive growth for countries in the developing world.  The meeting came at an appropriate time; with the US economy experiencing a severe downturn, the price of oil surpassing $120 a barrel, and the price of food rising worldwide (with some US officials attributing the rise to  the rise of the developing world) – it is evident that the policy choices of leaders in the developing and industrial worlds can no longer be made without considering their impacts on each other.

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