Economic mismanagement characterizes many of the poorest countries in the world. Even with substantial external aid, their public spending and investment significantly lag those of advanced nations. Officials in emerging markets can learn important strategies from the developed economies’ policies of a century ago, when they were emerging. This succinct and thoughtful analysis from researchers Ivailo Izvorski and Kenan Karakülah offer leaders in government and NGOs valuable insights on growth and prosperity.
In this summary, you will learn
- Why provisioning for economic growth in developing countries is inadequate and
- What emerging markets can learn from the past experiences of the advanced countries.
About the Authors
Ivailo Izvorski and Kenan Karakülah are with the Brookings Institution.