The Emerging World’s High Achievers
Development economists have long sought to identify the “secret sauce” that enables certain economies to achieve more stable and robust growth than their counterparts. A comparison among the 18 highest-performing emerging economies provides powerful insights into what that formula might be.
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MUMBAI – Emerging economies are often grouped together as something of a monolith. But when it comes to economic performance, they diverge widely, with only some countries achieving rapid and relatively consistent growth over long periods. What is their secret?