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Fuad Hasanov
Fuad Hasanov is a Senior Economist at the International Monetary Fund (IMF) and an Adjunct Professor of economics at Georgetown University. Since joining the IMF in 2007, he has worked as an economist for several emerging countries and natural resource producers and conducted training of staff and government officials. Before joining the IMF, Fuad was an Assistant Professor of economics at Oakland University in Rochester, Michigan from 2004-2007. He has written articles on consumption and saving, real estate returns, growth and inequality, fiscal policy and debt, and natural resources. Fuad received a Ph.D. in economics from the University of Texas at Austin.
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The return of the policy that shall not be named: Principles of industrial policy
The 'Asian miracles' and their industrial policies are often considered as statistical accidents that cannot be replicated. This article argues that we can learn more about sustained growth from these miracles than from the large pool of failures, and that industrial policy is instrumental in achieving sustained growth. Successful policy uses State intervention for early entry into sophisticated sectors, strong export orientation, and fierce competition with strict accountability
Riding the energy transition: Oil beyond 2040
The motor vehicle was very quick to replace horses in the early 20th century, and the advent of the electric car suggests that another profound shift in transportation and energy could be around the corner. This column projects how different rates of electric car adoption will affect oil demand and consumption over the next three decades. In a fast-adoption scenario, oil prices could converge to the level of current coal prices by the early 2040s. Even under a slow-adoption scenario, oil could become obsolete before it is depleted.