Macroeconomics & Growth

Despite the relatively well-implemented and coordinated macroeconomic policy in sub-Saharan Africa, governments still face debt overhangs, adverse human capital effects due to lost years of learning, and revenue mobilisation challenges.

Income differences between high- and low-income countries reflect differences in technology adoption and skill endowments. Ensuring the right worker finds the right job - improving worker-job matching – can play an important role in realising the gains of technology and endowment upgrading.

The caste system in India discriminates against lower-ranked castes, reducing their access to finance and dampening their entrepreneurial potential. This social norm imposes significant macroeconomic costs, ultimately impeding economic development.

For decades, unexploded ordnances from the "Secret War" in Laos have hindered the structural transformation and economic growth of the country. Laotians' health, education, and migration decisions remain affected by this war even though the conflict ...

Paul Collier discusses a vision for inclusive prosperity based on his experiences working in neglected communities

Barriers to entry facing new firms are a major source of regional economic differences. Removing these barriers can play an important role in economic convergence and growth.

What is the pathway to development in a world marked by rising economic nationalism and less international integration?

China is currently undergoing a rapid process of tertiarisation. This structural change since 2005 has seen productivity increase faster in services than in the manufacturing sector, with both consumer and producer services exhibiting high productivi...

How can macroeconomics (and macroeconomists) contribute to what we know about development policy?