This project explores the way that markets, institutions, and public policy interact to create and sustain competitive advantage in response to these global changes.

Research will focus on three key questions:

  • What explains catching-up, forging ahead or falling behind in economic growth over the long run?
  • What permits countries to adjust successfully to new opportunities presented by global economic development?
  • When does succeeding in the global economy translate into reduced deprivation and enhanced general wellbeing?

CAGE

This project is in partnership with the University of Warwick's Centre for Competitive Advantage in the Global Economy (CAGE).

Established in January 2010, CAGE is a research centre in the Department of Economics at the University of Warwick. Funded by the Economic and Social Research Council (ESRC), CAGE is carrying out a five-year programme of innovative research. The Centre’s research programme is focused on how countries succeed in achieving key economic objectives, such as improving living standards, raising productivity and maintaining international competitiveness, which are central to the economic well-being of their citizens.

CAGE's research analyses the reasons for economic outcomes both in developed economies such as the UK and emergingeconomies such as China and India. The Centre aims to develop a better understanding of how to promote institutions and policies that are conducive to successful economic performance and endeavours to draw lessons for policy-makers from economic history as well as the contemporary world.

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