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Informality and weak competition – a deadly cocktail for growth and equity in emerging Latin America

By Piritta Sorsa, Jens Arnold and Paula Garda, OECD Economics Department Why is growth persistently low and so unevenly distributed in emerging Latin America compared to emerging Asia despite a huge potential? Potential growth is ranging around 2-3% in the region. Some refer to dependence on commodities, poor education, weak business environments or corruption as … More Informality and weak competition – a deadly cocktail for growth and equity in emerging Latin America

Strengthening the Turkish manufacturing sector to rebalance growth

By Rauf Gonenc, Head of the Turkey Desk, Country Studies Branch, OECD Economics Department Turkey’s economy continued to grow strongly despite substantial domestic and regional headwinds. However, external imbalances have widened making the economy vulnerable to external shocks. The 2016 OECD Economic Survey of Turkey calls for rebalancing to alleviate the enduring tension between growth … More Strengthening the Turkish manufacturing sector to rebalance growth