How Economies Grow
Growth is a priority for all economies. For the many high-income countries that are struggling to distance themselves from the Great Recession, reviving growth has never seemed more urgent. Likewise, developing and emerging market economies are eager to accelerate or maintain their growth rates so as to satisfy popular demands for a more rapid improvement in living standards and in order to reduce poverty. While there are no foolproof policy recipes, the distinguished contributors to this volume draw upon the latest thinking on growth economics to identify the factors and processes that contribute to a higher level of economic performance. The five succinct essays synthesize and illuminate some of the main findings of a vast literature and should be valuable to expert and general readers alike.