Easterly vs the Growth Commission

Mar­tin Wolf note some use­ful “don’ts” for growth poli­cies iden­ti­fied by the Commission: 

Par­tic­u­lar­ly wel­come is the short list of poli­cies to be avoid­ed. Among them are: sub­si­dis­ing ener­gy (par­tic­u­lar­ly rel­e­vant today); using the civ­il ser­vice as employ­er of last resort; reduc­ing fis­cal deficits by cut­ting spend­ing on infra­struc­ture; pro­vid­ing open-end­ed pro­tec­tion to spe­cif­ic sec­tors; using price con­trols as a way to curb infla­tion; ban­ning exports, to keep domes­tic prices low; under­in­vest­ing in urban infra­struc­ture; under­pay­ing pub­lic ser­vants, such as teach­ers; and allow­ing the exchange rate to appre­ci­ate too far, too quick­ly”  extract from: Mar­tin Wolf—Financial Times

Leave a Comment

Your email address will not be published. Required fields are marked *