Developing countries must adapt growth strategies to evolving market dynamics.
The article discusses how developing countries like China and India face challenges in sustaining growth. As these economies grow, their strategies and policies need to adapt to changing market conditions. Governments in high-growth countries have been experimental and cautious in their approach to policy-making, especially in areas like trade diversification and opening up to international markets. The research shows that as economies mature, risks decrease, and policies need to evolve accordingly.