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How can economic growth be stimulated in less-developed countries?

NOTABLE ECONOMISTS

Janet Yellen

In this volume of ECONOMIC REVIEW, Chris Jones has introduced some notable economists. Here, he considers Janet Yellen’s distinguished career

Janet Yellen is the 78th Secretary of the Treasury of the United States of America. She has the distinction of being the first American to have led the Council of Economic Advisors, the Federal Reserve (Fed) and the US Treasury Department. These positions are the most important in economic policymaking in the USA.

Janet earned her PhD in economics from Yale University and was an assistant professor at Harvard University until 1976. At Harvard she began working at the Federal Reserve board, which plays an important role in the setting of monetary policy in the USA. Janet became a professor in 1980 and has had a distinguished academic career, but unlike many academic economists, she has also played a prominent part as a public policymaker.

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How can economic growth be stimulated in less-developed countries?