Hausmann, Rodrik, and Velasco on Growth Constraints
Steven Smith from GW writes to say:
I think that http://ksghome.harvard.edu/~drodrik/barcelonafinalmarch2005.pdf is very smart and well done... a nuanced way to think about identifying and responding to a sequence of constraints on growth. Even in East Asia it is not a matter of finding and getting onto a single high growth path, but of a set of strategies for relaxing a sequence of binding constraints...
