What is Growth Diagnostics? The working paper, Growth Diagnostics by Ricardo Hausmann, Dani Rodrik, and Andres Velasco begins with the idea that the impact of reforms, such as the Washington Consensus is dependent on circumstances. The argument in this paper calls for an approach to reform that is more specific for the economic environment. To do this, the authors show a way to develop a plan for analyzing and formulating growth strategies. In order for this plan to succeed, there must be a…
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