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Sustained economic growth is the single most important determinant of persistent increases in living standards and reductions in poverty. The large income differences between the richest and poorest countries -- which stand at a ratio of 75 to 1 -- and the massive incidence of global poverty reflects the inability of poor countries to achieve sustained growth.
Led by Ricardo Hausmann, Lant Pritchett, and Ishac Diwan, CID's Growth Lab works to understand the dynamics of growth and to translate those insights into more effective policymaking in developing countries. The Lab serves as the global hub for Structural Transformation, which places complexity at the center of the development story and uncovers how countries can shift to industries that offer increased productivity.
Research and experience over the last 50 years have helped illuminate how economic growth occurs. Yet, policymakers have been unable to diagnose constraints to growth in specific country settings and to design solutions suited to each nation's conditions. This experience reveals the limitations of conventional policy. A critical new set of tools is needed.
The Growth Lab: