Showing 1 - 10 of 19
Persistent link: https://www.econbiz.de/10005487200
Persistent link: https://www.econbiz.de/10005783446
South Africa has undergone a remarkable transformation since its democratic transition in 1994, but economic growth and employment generation have been disappointing. Most worryingly, unemployment is currently among the highest in the world. While the proximate cause of high unemployment is that...
Persistent link: https://www.econbiz.de/10005819223
Persistent link: https://www.econbiz.de/10010859038
Development economics is split between macro-development economists--who focus on economic growth, international trade, and fiscal/macro policies--and micro-development economists--who study microfinance, education, health, and other social programs. Recently there has been substantial...
Persistent link: https://www.econbiz.de/10005819168
The nation-state system, democratic politics, and full economic integration are mutually incompatible. Of the three, at most two can be had together. The Bretton Woods/GATT regime was successful because its architects subjugated international economic integration to the needs and demands of...
Persistent link: https://www.econbiz.de/10005819189
he main purpose of industrial policy is to speed up the process of structural change towards higher productivity activities. This paper builds on our earlier writings to present an overall design for the conduct of industrial policy in a low- to middle-income country. It is stimulated by the...
Persistent link: https://www.econbiz.de/10005819192
We consider a model of policy choice in which appropriate policies depend on a country's own circumstances, but the presence of a successful leader generates an informational externality and results in too little "policy experimentation." Corrupt governments are reined in while honest...
Persistent link: https://www.econbiz.de/10005819275
Most conventional accounts of India's recent economic performance associate the pick-up in economic growth with the liberalization of 1991. This paper demonstrates that the transition to high growth occured around 1980, a full decade before economic liberalization. We investigate a number of...
Persistent link: https://www.econbiz.de/10005553779
Much more than comparative advantage and free markets have been at play in shaping China’s export success. Government policies have helped nurture domestic capabilities in consumer electronics and other advanced areas that would most likely not have developed in their absence. As a result,...
Persistent link: https://www.econbiz.de/10005553794