The World Bank recently released the January 2024 edition of its Global Economic Prospects report. One of the analytical chapters, "The Magic of Investment Accelerations," discusses how investment powers economic growth, helps cut poverty, and will be indispensable for tackling climate change and achieving other key development goals in developing economies. Without significant policy action, however, investment growth in emerging economies is likely to remain tepid for the remainder of this decade.
Over the past seven decades, investment growth typically jumped to more than 10 percent per…
