Beyond Reforms: Structural Dynamics And Macroeconomic Vulnerability


Cover of the book Beyond Reforms: Structural Dynamics And Macroeconomic Vulnerability by Ocampo Jose Antonio, World Bank
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Author: Ocampo Jose Antonio ISBN: 9780821358191
Publisher: World Bank Publication: June 15, 2005
Imprint: Language: English
Author: Ocampo Jose Antonio
ISBN: 9780821358191
Publisher: World Bank
Publication: June 15, 2005
Imprint:
Language: English
Beyond Reform argues that economic growth in developing countries is intrinsically tied to the dynamics of production structures, to the specific policies and institutions created to support it, and the creation of linkages among domestic firms and sectors. Avoiding macroeconomic instability is also essential, however, macroeconomic stability is not a sufficient condition for growth. The broader institutional context and the adequate provision of education and infrastructure are essential "framework conditions", but generally do not play a direct role in bringing about changes in the momentum of economic growth.
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Beyond Reform argues that economic growth in developing countries is intrinsically tied to the dynamics of production structures, to the specific policies and institutions created to support it, and the creation of linkages among domestic firms and sectors. Avoiding macroeconomic instability is also essential, however, macroeconomic stability is not a sufficient condition for growth. The broader institutional context and the adequate provision of education and infrastructure are essential "framework conditions", but generally do not play a direct role in bringing about changes in the momentum of economic growth.

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