The decline in commodity prices that began with metals and agriculture four years ago—joined by crude oil in mid-2014—continued in 2015Q1 (Figure 1). Energy, metals, and agricultural prices were down 28, 11, and 5 percent, respectively, from the previous quarter. Increasing supplies, bumper...

Cambodia's growth in the last 20 years has been remarkable and the lives of its people have improved substantially. But low-cost labour advantages on a narrow economic base have driven this growth. The country now needs to move beyond the four sectors that have dominated its economy: garment...

There is a widespread perception that the Republic of Korea's service sector lags behind its dynamic world-class manufacturing sector. We empirically analyze the past performance of the Republic of Korea's service sector in order to assess its prospects as an engine of growth. Our analysis...

Wirtschaft ist ein dynamischer Prozess: Nur wer sich ständig wandelnden Bedingungen anpasst und sich positiv in den kontinuierlichen Strukturwandel einbringt, kann erfolgreich bleiben - das gilt für den Einzelnen ebenso wie für Unternehmen und ganze Volkswirtschaften. Die Broschüre...