"After more than three decades of average annual growth close to 10 percent, China's economy is transitioning to a 'new normal' of slower but more balanced and sustainable growth. Its old drivers of growth -- a growing labor force, the migration from rural areas to cities, high levels of...

Over the last two decades, successive governments and business leaders in the former Yugoslav Republic of (FYR) Macedonia have been actively working to transform the country's economy and put it on a higher, technology-based, growth trajectory. For a small, landlocked country with a limited...

The Angolan economy is at a significant juncture. The current growth model based on oil wealth is nearly exhausted and has not delivered inclusive growth and shared prosperity. Angola faces two broad policy challenges that need to be addressed urgently: macroeconomic stabilization and a more...

Between 2010 and 2018, Bhutan's economic performance in the real growth of gross domestic product (GDP) was respectable, averaging more than 5 percent a year. This was driven by hydropower, services, and agriculture. However, there is growing pressure to diversify production. Hydropower...

This paper investigates the current state of creation and adoption of Industry 4.0 (I4.0) technologies within the Czech Republic. I4.0 technologies, which include technologies such as big data analytics, cloud computing, the Internet of Things, and advanced robotics, hold great promise for...

It is conventional wisdom that industrial policies can be at odds with competitive markets. This note examines the historical basis for industrial policy and empirical effects. Although the direct effects of industrial policy are mixed, the indirect effects often involve market distortions. By...

Governments are resource and bandwidth constrained, and hence need to prioritize productivity-enhancing policies. To do so requires information on the nature and magnitude of market failures on the one hand, and government's capacity to redress them successfully on the other. The paper reviews...

This paper presents an analytical framework that captures the informational problems and trade-offs that policy makers face when choosing between public goods (for example, infrastructure) and industrial policies (for example, firm- or sector-specific subsidies). After a discussion of the...

In this paper, authors examine the political economy and consequences of industrial policy in the MENA region. How can the features of MENA's industrial policy be explained? And what accounts for the fact that, against world trends, industrial policies in MENA countries didn't followed the...

The objective of this study is to assist Bangladesh in becoming a viable player in the IT/ITES industry in five years by identifying the strategies, programs and investments needed in order for the country to leverage ICT for economic growth and competitiveness, as well as for social development...