Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability

Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability

by Jose Antonio Ocampo
     
 

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'Beyond Reforms' 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

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Overview

'Beyond Reforms' 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.

Product Details

ISBN-13:
9780821358191
Publisher:
World Bank Publications
Publication date:
07/15/2005
Series:
Latin American Development Forum
Pages:
254
Product dimensions:
6.08(w) x 9.04(h) x 0.56(d)

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