Thursday 31 March 2016

Growth engines and development traps (James Riedel, Pham Thi Thu Tra, East Asia Forum)

There is nothing more compelling than a catchy metaphor to attract attention and garner support for policy prescriptions. ‘Engines’ and ‘traps’ are two of the most popular metaphors in the development literature. Both have been used repeatedly to advance various policy agendas in East Asia. But do these metaphors provide a reliable basis for growth policy?

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