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agriculture therein, and the pace of structural transformation in Africa over the last 50 years. The evolution has involved … shifting roles of industry vs. agriculture and that of government, and the public sector vs. markets and the private sector …. Government intervention in favour of industrialization in the 1960s-1970s resulted in the neglect of agriculture, poor growth …
Persistent link: https://www.econbiz.de/10010260001
During the 2000s Mexico grew less than the average for Latin America. Labour market indicators exhibited mixed changes … international crisis of 2008, but Mexico surpassed its pre-crisis output levels by 2012. Most labour market indicators were affected …
Persistent link: https://www.econbiz.de/10011335015
The COVID-19 pandemic has had severe economic consequences in Southern Africa, resulting in an unprecedented decline in production and employment. Similar policy responses have emerged across the region, centred on temporary and inadequate relief for workers and businesses; very limited fiscal...
Persistent link: https://www.econbiz.de/10012590883
Malaysian economic development has been shaped by public policy in response to changing national and external conditions. Public investments peaked in the 1970s and early 1980s, until the policy reversals driven by sovereign debt concerns and new policy ideology fads. Foreign investments...
Persistent link: https://www.econbiz.de/10008663027
During the first wave of COVID-19 infections, Kerala, a state in southern India, successfully managed to contain the pandemic. As a result, the Kerala model of managing the COVID-19 pandemic was celebrated as a success across the globe. However, at the time of writing, it looks like the...
Persistent link: https://www.econbiz.de/10013259985
This paper contributes to the debate on aid effectiveness by looking at the 'how' of aid effectiveness. In other words it provides an assessment of whether aid only filled a financing gap or whether it, in addition, helped influence the political economy in a way that engendered growth. Ghana...
Persistent link: https://www.econbiz.de/10010191181
This paper begins by noting that Uganda has been a public sector reform leader in Africa. It has pursued reforms actively and consistently for three decades now, and has produced many laws, processes and structures that are 'best in class' in Africa (and beyond). The problem is that many of the...
Persistent link: https://www.econbiz.de/10010192401
Oil was discovered in the United Arab Emirates (UAE) just 50 years ago. During that time, UAE has been able to transform itself into a rapidly modernizing country, which is fast becoming a major economic hub and a key player on the international economic landscape. This paper discusses a number...
Persistent link: https://www.econbiz.de/10008660867
This paper is a short history of the Indian economy since 1968. India today is a changed country from what it was half a century ago, when Myrdal published his Asian Drama. The stranglehold of low growth has been broken, its population below the poverty line has fallen markedly, and India has...
Persistent link: https://www.econbiz.de/10011913519
Myrdal did not cover China in his Asian Drama. If he did, he would have been most likely pessimistic about China, as he was about other Asian countries in his book. However, China has achieved miraculous growth since the transition from a planned economy to a market economy at the end of 1978....
Persistent link: https://www.econbiz.de/10011894344