.svg){kind=icon}
.svg){kind=icon}
%201.svg){kind=icon}
%201.svg){kind=icon}
.svg){kind=icon}
.svg)
.svg)
Reda Cherif
Reda Cherif is a Senior Economist at the International Monetary Fund (IMF). He joined the IMF in 2008 and worked in several departments on fiscal issues, country analysis, and economic training of government officials. His research focusses on development economics, fiscal policy, and international trade. Reda holds a Ph.D. in economics from the University of Chicago.
.svg)
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.