How to Get the Right Kind of Growth

International Monetary Fund has projected annual global growth will average around three percent over the next five years .

Economic growth remains the most reliable avenue for raising living standards and is essential for making progress on almost any other policy agenda.

But a focus on economic growth as traditionally understood is no longer fit for purpose.

The world has changed in profound ways, reshaping the demands on economic policy.

Openness to trade and foreign investment remains a critical accelerant of high-quality growth.

Green energy transition can mitigate climate change while driving innovation, instilling localized resilience, and catalyzing new growth models.

Governments must partner to create a stronger impetus for the global diffusion of technologies that can help tackle air and waste management.

Global economy is grappling with tepid growth, inequality, and stagnating social mobility in developed and developing countries alike.

Policymakers must shift away from a growth-at-all-costs mindset.

But they cannot pursue social, environmental, or security agendas while ignoring top-line growth.