11 lessons and insights from Leading Economic Growth

Guest blog by Marcia Korsten

A great thing about this programme is that it highlighted that context matters for an economic growth strategy and that unique and differentiated approaches that fit the specific context are needed. On the other hand, another great thing is that the lessons and principles of Leading Economic Growth can be applied across various economic growth and development challenges and within a national and subnational context. Looking at the economic challenge of inclusive growth and jobs I have experienced both as part of LEG 2021 and as a member of Group 11 where I was fortunate to collaborate with a great group of peers over the course of the programme, I am sharing 11 of my lessons and insights. These lessons and insights inform my thinking and practice within the economic, policy, strategy and innovation space.

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Exploring economic diversification in Azerbaijan

Guest blog by Gasimli Vusal

“Leading Economic Growth” program gave us the know-how we can start implementing to promote economic growth in our city, region, or country at this difficult time. Staff ensured us that the more we invest, the more we will derive from the program. 

My country, Azerbaijan, tripled its economy during the last 15 years and aims to double its economy relying on non-oil sector in the next 10 years. In post-conflict and post-pandemic period, accelerating growth is major target of Azerbaijan’s five national priorities outlined in the country’s “2030 Strategy,” which has been based on the United Nations’ “Transforming our World: The 2030 Agenda for Sustainable Development”. After the peace agreement between Armenia and Azerbaijan in November 2020, the latter immediately set to work on the decontamination, reconstruction, rehabilitation and reintegration of liberated Karabakh, which had suffered enormous destruction over the course of the occupation over the last 30 years. Reintegration of newly-released territories and 6 percent population growth perspective by 2030 create new opportunities and challenges from growth perspectives.

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