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News from 2019-08-09 / KfW Research
Structural reforms – easier said than done
It is easy to call for structural reforms to boost productivity and economic growth. Their implementation is complex, however, as it requires decisions on the design and, hence, the composition, timing and sequence of changes, as well as decisions on the design of the policies through which reforms are implemented. The political and economic factors that determine the introduction and implementation of structural reforms are therefore diverse.