How does your country compare?

http://business.financialpost.com/personal-finance/five-books-for-the-investor-or-economist-on-your-last-minute-shopping-list

Countries in #Europe and its broader neighborhood - even those whose economies are less developed - cannot base long-term growth on a low-wage comparative advantage. Instead, they must lay the foundations of future-oriented growth models, underpinned by stronger human capital and innovation.

This demands, first and foremost, deeper integration into the #globaleconomy. Nowadays, access to larger markets is vital to generating incentives for innovation and productivity growth. #EuropeanUnion countries obviously benefit from the single market. For emerging Europe and the countries of the Middle East and North Africa (MENA), however, taking advantage of economies of scale will require reduced trade barriers and better connectivity. In concrete terms, this means that emerging Europe and the MENA region need to invest more in infrastructure.


#WorldEconomy #EconomicGrowth #Economy #EconomicOutlook #EU #Europe #EuropeanEconomy
A New #GrowthModel for Europe’s Neighborhood
https://www.project-syndicate.org/commentary/europe-neighborhood-new-growth-model-by-sergei-guriev-2017-12

Carmen Reinhart cautions the authorities to avoid overconfidence and to prevent the Germanization of policymaking.

Michael Boskin shares his hopes and predictions for growth, monetary policy, trade, and other key variables.

In addition, the survey finds that Democrats have overtaken Republicans on which party better handles the economy — their first lead on this question since 2013 and their largest since 2009.