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This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty years. The paper revolves around two key arguments. One is that neoclassical economic analysis is a lot more flexible than its practitioners in the policy domain have generally...
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experience. In contrast to the East Asian experience, none of the recent growth accelerations in Latin America, Africa, or South … rapid within-sector labor productivity growth (Latin America) or growth-increasing structural change (Africa), but rarely … explain this anomaly by arguing that the forces that promoted structural change in Africa originated on the demand side …
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Africa's recent growth performance has raised expectations of a bright economic future for the continent after decades … of decline. Yet there is a genuine question about whether Africa's growth can be sustained, and if so, at what level. The …
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