For most countries in the world, spurring growth is the number one economic priority. At the same time, many are trapped in a cycle where their lack of productive capability limits expansion to new industries. As a result, there is little reason to expand into industries where demand does not exist. New growth strategies need paths, processes, and organizations to address this problem.
Today, powerful new tools allow countries to better chart the road ahead, identify the obstacles to prosperity, and define actions that can lead to economic growth. This new approach focuses on expanding a country's set of productive capabilities and expressing them in a more diverse and complex set of products. Contrary to a commonly held belief, as countries become more developed, their citizens and firms specialize, but the national, regional, and metropolitan economies actually diversify. The opportunities for diversification are strongly affected by the initial set of productive capabilities, which makes each situation different. This approach calls for countries, regions, and cities to rethink their strategies, organizations, and priorities as they charge ahead.
Leading Economic Growth, an Executive Education program at Harvard University’s John F. Kennedy School of Government, brings together leading experts in economic development with practitioners from around the globe to focus on practical approaches to shared growth and development. This five-day program provides a framework for understanding economic growth as well as sophisticated tools for diagnosis and decision making. The program enables participants to:
- Identify constraints on the growth process.
- Identify new activities that can most easily be developed successfully in a specific economy.
- Learn how to build organizations with coordinating capacity by leveraging collaborative networks.
- Facilitate informed investment decisions by local and global corporations.