
How Developing Countries Create Industrial Champions
Jan 16, 2020 , et al. urge firms and policymakers to draw three lessons from the earlier success of Asia's “miracle” economies.
Sabine Schlorke is Global Manager for Manufacturing at the International Finance Corporation.
Jan 16, 2020 , et al. urge firms and policymakers to draw three lessons from the earlier success of Asia's “miracle” economies.
Huge fiscal and monetary stimulus programs have sparked a growing debate about whether advanced economies may sooner or later experience the sort of rapid price growth last seen a generation ago. While stimulus advocates point to current weak demand and the public’s deeply ingrained low-inflation expectations, anxious hawks fear that a new and dangerous global inflationary consensus may be taking hold.