Shu Yu is an Economist with the Development Economic Prospects Group of the World Bank. Her main research interests are in areas of international economics, development economics, and political economy. Prior to joining the World Bank, Shu held a post-doctoral fellowship at the University of Rochester and worked at the IMF and the Conference Board. She holds a PhD in economics from the University of Groningen and a BSc in economics from Fudan University. Her recent papers include work on China’s outward direct investment, stability and long-term growth, and the impact of institutional quality on trade.
Structural transformation in the past three decades has been driven by a fast-growing services sector, which has outpaced the manufacturing sector in many developing economies. The likeli...
Since the global financial crisis, credit to the private nonfinancial sector in emerging markets and developing economies (EMDEs) has surged. Within this overall surge, however, there has...
