DRIVER’S ECONOMIC GROWTH

DRIVER’S OF RAPID, SUSTAINED AND INCLUSIVE ECONOMIC GROWTH:
FRAMEWORKS AND TOOLS FOR POLICY MAKERS AND PUBIC-PRIVATE DIALOGUE

Kevin Murphy

International expert in economics and the author of Harvard Business School case studies


Course description & goal:

The goal of this course is to enable participants to identify the leading drivers of economic growth; cite examples from successful economies; understand how these drivers mutually reinforce one another and factor in elements of social inclusivity and sustainability into growth strategies.  The participants will also be able at the end of the sessions to structure a Government Cabinet to achieve these goals by delegating responsibilities, introducing processes of accountability and institutionalizing public-private dialogue.

The course seeks to encourage a high degree of participation and application of tools to the economy of Ukraine. The course begins by defining and quantifying high economic growth and presenting and analyzing sets of indicators.  It then presents a framework for achieving high growth based on the actual examples of countries that have achieved it.  Having done this, the course proceeds to ask whether growth is enough and how to incorporate concerns for social inclusivity and sustainability into frameworks for growth and competitiveness. The course also presents the drivers of competitiveness at the level of the firm and of the industry cluster using the Porter Diamond. It proceeds to then present a series of tools, developed by the author for the World Bank, for assessing the competitiveness of Ukraine’s economy.  The course concludes with an exercise in which participants apply these tools to come up with a newly revised strategy for boosting Ukraine’s economic growth including the delegation of responsibilities to various Ministers of state and stakeholders of the economy.

Participants will be introduced to recent authoritative writings of authors on economic growth whose writings are enhanced by newly available data. They will also have a chance to use leading indices such as the Global Competitiveness Index of the World Economic Forum and the Doing Business Index of the World Bank.

Course length and structure:

Course duration is one week and it is composed of five interactive sessions. Each session is three hours long with one fifteen minutes break in-between. The course presents frameworks and includes exercises to enable participants to use them. There will be a case study to apply these tools to Ukraine on the final day of the course.

Instruction language:

English

Methodology:

The course facilitator was trained in the Harvard Business School case study method and therefore uses an interactive and Socratic Method methodology valuing class participation. The methodology is geared not only for accumulation of knowledge but also for the development of skill and fluency in utilizing economic growth frameworks. However, the course does not require a heavy background in quantitative methods.

By the end of the course students will gain:

  1. Ability to define and quantify rapid, sustained and inclusive economic growth
  2. Understanding of 10 key drivers of economic growth
  3. Ability to incorporate social inclusiveness and sustainability into growth models
  4. Ability to set reasonable goals for Ukraine in key economic areas
  5. Ability to draft a policy paper for the Government of Ukraine
  6. Knowledge of how to structure Ukraine’s Cabinet to achieve economic goals
  7. Self-confidence in engaging in informed economic debates

Topics:

Lecture 1. National Competitiveness Framework: PowerPoint and Document:
Lecture 2. New Framework for Socially Inclusive and Sustainable Growth:
Lecture 3. Case Study Exercise:

This is a unique website which will require a more modern browser to work!

Please upgrade today!