Accelerating Growth and Job Creation in South Asia

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South Asia remains home to the world's largest number of poor. There are also substantial disparities between countries. This, combined with the ongoing recession in economies the world over, raises new concerns about the challenges that confront governments and analysts today. This book analyses the types of policies and institutions that could propel South Asia towards higher growth, while also promoting growth inclusiveness to address the inequality concerns. The analysis of the book is an outcome of a ...
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Overview


South Asia remains home to the world's largest number of poor. There are also substantial disparities between countries. This, combined with the ongoing recession in economies the world over, raises new concerns about the challenges that confront governments and analysts today. This book analyses the types of policies and institutions that could propel South Asia towards higher growth, while also promoting growth inclusiveness to address the inequality concerns. The analysis of the book is an outcome of a high-level dialogue on growth between the private sector, political leadership, policymakers, and academics in South Asia. The volume is organized along three themesoverview of South Asias growth opportunities and challenges; sources of growth and policies; and the role of regional cooperation in promoting growth.
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Editorial Reviews

From the Publisher

"Important...a breath of fresh air....this book represents a fascinating resource for comparative analysis.... Rather than assuming, as do many such volumes, that liberalization is good for growth and any remaining problems simply require more liberalization, this book gets to grips with the messy practicalities of what liberalization should actually achieve and rigorously tests it....a highly rewarding read."--Pacific Affairs

"In this excellent volume, Ejaz Ghani and Sadiq Ahmed have invited the world's leading scholars to apply their talents to understanding the economies of South Asia. They cover a wide range of topics. Scholars interested in South Asia will find the volume most illuminating."--Arvind Panagariya, Columbia University

"The importance of this book cannot be overestimated. It powerfully explores the link between regional integration, economic growth, and job creation. It has several imaginative proposals that can be debated and discussed. It is ambitious but not unmindful of the difficult political economy of the region"-- Pratap Bhanu Mehta, Centre for Policy Research

"This book usefully turns the spotlight away from India to the regional context. Its proposals for regional cooperation merit attention from all those who are interested in the long-term economic health of any of the South Asian countries. Businessmen and politicians across the region should take note of the key messages."-- Homi Kharas, Wolfensohn Center for Development, The Brookings Institution

"This book brings insight to the setting of priorities and strategies to accomplish the objective of sustained growth and poverty reduction."--Michael Spence, Chair of the Commission on Growth and Development, and Nobel Laureate in Economics, 2001

"South Asia is on a path of economic ascendancy, and economic growth has been widely shared among the countries of the region. Yet, these countries face enormous challenges in reducing poverty, generating employment, and achieving regional economic integration. By addressing these issues with a great deal of analytical rigour and originality, this book provides fresh perspectives on South Asian economic development."--Wahiduddin Mahmud, University of Dhaka

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Product Details

  • ISBN-13: 9780198060048
  • Publisher: Oxford University Press
  • Publication date: 7/19/2009
  • Pages: 288
  • Product dimensions: 6.10 (w) x 8.80 (h) x 1.30 (d)

Meet the Author

Ejaz Ghani is Economic Adviser in the Poverty Reduction and Economic Management Unit, South Asia Region of the World Bank.

Sadiq Ahmed is the Senior Manager of Regional Program, South Asia Region of the World Bank.

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Table of Contents

1 Sustaining rapid growth in South Asia Ejaz Ghani Ghani, Ejaz Sadiq Ahmed Ahmed, Sadiq 3

2 South Asia story of development : opportunities and risks Jeffrey D. Sachs Sachs, Jeffrey D. 42

3 Improving governance in sustaining equitable growth Paul A. Volcker Volcker, Paul A. 50

4 Should South Asia emulate East Asian tigers? Howard Pack Pack, Howard 59

5 The growth of industry and services in South Asia and its impact on employment : analysis and policy Kaushik Basu Basu, Kaushik Annemie Maertens Maertens, Annemie 81

6 Evidence of underemployment of labour and capital in Indian manufacturing Ana M. Fernandes Fernandes, Ana M. Ariel Pakes Pakes, Ariel 141

7 Is service sector a source of growth? Aaditya Mattoo Mattoo, Aaditya 175

8 Improving skills for competitiveness Michelle Riboud Riboud, Michelle Hong Tan Hong, Tan 204

9 Comparing property rights institutions, contracting institutions, and growth in South Asia and East Asia Ana M. Fernandes Fernandes, Ana M. 246

10 Regional integration and small countries in South Asia L. Alan Winters Winters, L. Alan 293

11 Removing the energy constraint to growth through regional cooperation Vladislav Vucetic Vucetic, Vladislav Venakataraman Krishnaswamy Krishnaswamy, Venakataraman 345

12 Supporting growth through better connectivity : role of regional transport Simon Thomas Thomas, Simon 383

App. A1 Statistics on growth and employment Kaushik Basu Basu, Kaushik Annemie Maertens Maertens, Annemie 421

Notes on contributors 466

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