This publication identifies the requirements for successful reallocation of labor and capital to more efficient uses in response to the emergence of new sources of competition, technological change and shifting consumer preferences. At the same time, it focuses on limiting adjustment costs for...

This paper examines the extent, reasons and impacts of excess capacity in the global steel industry, as well as the implications of new investment projects that continue to take place at a rapid pace in many parts of the world. By focussing on new investments projects taking place in the global...