Although CBS provides much-needed flexibility to innovate and adapt to a dynamic environment, the challenge lies in assessing the effect of CBS especially the basic assessment as to whether it can be leveraged to achieve new goals?
Others, mainly – but not exclusively – advanced countries, suffer from too little growth. Given these starting positions, there should be a way of making both groups better off by rotating demand from one to the other. Unfortunately, this has been much more difficult to achieve in practice than it would appear.