Despite decades of development efforts supported by significant amounts of foreign aid, Malawi has experienced weak and volatile economic growth performance over a sustained period of time. Malawi's growth remains an outlier even compared to its geographically and demographically similar peers....

This book aims to improve readers’ understanding of the puzzle of Malawi’s development performance and identify ways for the country to achieve robust growth and stay on a stable growth path that helps the poor. The book places a strong emphasis on assessing Malawi’s growth experience...

Front Cover -- Contents -- About the Authors -- Acknowledgments -- Abbreviations -- Chapter 1 The Puzzle of Malawi's Lack of Development -- Note -- References -- Chapter 2 The Importance of Macroeconomic Stability and Fiscal Management -- Growth and Poverty Trends since Independence -- Sources...