Dierences in key features of the development process across rich and poor countries can provide clues to the sources of the large variation of cross- country income. Kuznets included structural transformation as one of six stylized facts of economic development, nding that developed countries...

The material and symbolic importance of these targets make it vital to assess the analytical coherence of the Millennium Development Goals (MDGs) “project”. In this spirit, this paper highlights complexities and difficulties of the MDG approach. Specifically, it outlines a framework for...

Punjab economy has experienced a down turn in its economic development in the post-reform period compared with acceleration of economic growth of the Indian economy as well as other dynamic states. Therefore, a legitimate question arises why Punjab economy could not develop at a rate that has...

The national system of innovations in the recent phase of globalization has undergone dramatic structural transformation. Innovations entails organizational as well as changes in the rules of the game. The history of economic development of the developing and newly industrializing economies...

Growth accounting exercises point to aggregate TFP dierences as the dominant source of the large cross-country income dierences. In this paper, I ask which sectors account for the aggregate TFP gap between rich and poor countries. Data limitations for developing countries have led researchers to...

Malaysia is a small country but has big achievement in economic development to its credit. This year (August 2007) the country celebrates the completion of the first 50 years of its independence. It is in the fitness of things that this paper takes a look at its economic achievements over the...

Thailand’s economic development has been quite successful in terms of achieving high growth rate and reasonable per capita income. The country’s economic performance in terms of the transformation of production and exports are tending toward the normal pattern of increasing share of...

This paper discusses how Ghana’s path to a middle income status does not have to be paved with only manufactured products. There are multiple paths and processed natural resources-based products are not necessarily a curse, and if Ghana wants and it builds the requisite capacity, it can turn...

Increased diversification of commodity exports, and increased numbers of high-value commodity exports, are needed to generate employment and meet the Government of Rwanda´s targets for poverty reduction. This chapter presents evidence that increased diversification of exports is linked to...

Innovations spur growth and economic transformation is widely acclaimed in economic growth literature. The transition in the national innovation system is the fundamental determinant of long-run economic growth and development. This is being reflected through the changes which are occurring in...