CAREC Quarterly Economic Monitor No. 7

This CAREC Institute Quarterly Economic Monitor discusses three themes: a) the recovery and growth prospects, b) the room for maneuver that is left for fiscal and monetary policy to support growth, c) the CAREC regions progress in catching up with the developed economies and the role that the investment to GDP ratio has played for this. The conclusion is that a set of deepened structural policies are needed that increase investment efficiency and accelerate technological change while fostering the development of human capital and labor force skills that are needed for the adoption and running of advanced technologies.