Development is not about economic growth but rather about creating freedom, helping people flourish, and simply making them happy. This is not a new concept. The West Indies Under-19 cricket team triumphed in the World Cup earlier in the year and the senior West Indies cricket teams had outstanding victories obtaining both male and female world championships. These wins were … [Read more...] about Making People Happy
Productivity-driven growth
Rethinking the growth diagnostics framework
In identifying binding constraints to growth of developing member countries, ADB and other multilateral development banks have adopted the Hausmann-Rodrick-Velasco methodology. In principle the methodology is relatively straightforward: by looking at all the possible constraints to private investment—the main driver of economic growth in a given country–in comparison to its … [Read more...] about Rethinking the growth diagnostics framework