Democracy for Better Governance and Higher Economic Growth in the MENA Region
The Effect of Foreign Aid on Economic Growth in Developing Countries
The Political Economy of Recent Economic Growth in India
The 'New Economy' and Economic Growth in Transition Economies
Generics in the Antivirals Market to 2018 - Launch of Generic Combivir and Patent Expiry of Sustiva, Kaletra and Epivir-HBV will Drive Volume Growth
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Harassment In The Workplace Solicitors Can Settle Cases Of Harassment
Human development strategies for the 1990s
Growth in the Dominican Republic and Haiti: Why has the Grass Been Greener on One Side of Hispaniola?
A Good Cure for Ringing in the Ear
Economic Growth in the 1990s confirms and builds on the conclusions of an earlier World Bank book, The East Asian Miracle (1993), which reviewed experiences of highly successful East Asian economies. It confirms the importance of growth of fundamental principles: macro stability, market forces governing the allocation of resources, openness, and the sharing of the benefits of growth. At the same time, it echoes the finding that these principles translate into diverse policy and institutional paths, implying the economic policies and policy advice must be country-specific and institutional-sensitive if they are to be effective.
The authors examine the impact of growth of key policy and institutional reforms: macroeconomic stabilization, trade liberalization, deregulation of finance, privatization, deregulation of utilities, modernization of the public sector with a view to increasing its effectiveness and accountability, and the spread of democracy and decentralization. They draw lessons both from a policy and institutional perspective and from the perspective of country experiences about how reforms in each policy and institutional area have affected growth.
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