The GEMINI Model

Ali Zafar ()

Chapter Chapter 2 in Emerging Markets in a World of Chaos, 2023, pp 13-22 from Springer

Abstract: Abstract This book relies on a new analytical framework for understanding and measuring economic development. The approach is based on a composite indicator that merges six elements of the development performance of a country: growth and macroeconomic policy; equity, human capital, gender, and demography; money and finance; institutions, governance, and state capacity; national competitiveness, global integration, and productivity; infrastructure and sustainable energy. The framework provides a useful analytical tool to advise countries to try to escape the middle-income trap, referring to difficulties that emerging markets face in competing with either poorer low-wage economies or high-skilled advanced economies.

Keywords: Growth; Macroeconomic policy; Equity; Human capital; Gender; Money; Finance; Institutions; Governance; State capacity; National competitiveness; Integration; Trade; Infrastructure; Sustainable energy; Climate change (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-29949-0_2

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DOI: 10.1007/978-3-031-29949-0_2

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