Policy Complementarities and the Washington Consensus PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Policy Complementarities and the Washington Consensus PDF full book. Access full book title Policy Complementarities and the Washington Consensus by Mr.Jahangir Aziz. Download full books in PDF and EPUB format.
Author: Mr.Jahangir Aziz
Publisher: International Monetary Fund
ISBN: 1451940955
Category : Business & Economics
Languages : en
Pages : 21
Get Book Here
Book Description
While economists continue to debate whether particular economic policies, such as those referred to in Willliamson’s (1993) “Washington Consensus,” can spur growth in developing countries, this paper demonstrates that it is combinations of policies that are more critical for growth. Policy complementarity refers to the mutually reinforcing benefits of policies that create an environment that is conducive to investment and growth. Quantitative measures of policy complementarity are developed, and the study shows empirically, through both an outcomes-based probability framework and a standard regression analysis, that these complementarities are significant and robust in explaining growth outcomes over the period 1985–95.
Author: Mr.Jahangir Aziz
Publisher: International Monetary Fund
ISBN: 1451940955
Category : Business & Economics
Languages : en
Pages : 21
Get Book Here
Book Description
While economists continue to debate whether particular economic policies, such as those referred to in Willliamson’s (1993) “Washington Consensus,” can spur growth in developing countries, this paper demonstrates that it is combinations of policies that are more critical for growth. Policy complementarity refers to the mutually reinforcing benefits of policies that create an environment that is conducive to investment and growth. Quantitative measures of policy complementarity are developed, and the study shows empirically, through both an outcomes-based probability framework and a standard regression analysis, that these complementarities are significant and robust in explaining growth outcomes over the period 1985–95.
Author: Charles Gore
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
The introduction of the Washington Consensus involved not simply a swing from state-led to market-oriented policies, but also a shift in the ways in which development problems were framed and in the types of explanation through which policies were justified. Key changes were the partial globalization of development policy analysis, and a shift from historicism to a historical performance assessment. The main challenge to this approach is a latent Southern Consensus, which is apparent in the convergence between East Asian developmentalism and Latin American neostructuralism. The demise of the Washington Consensus is inevitable because its methodology and ideology are in contradiction.
Author: World Bank
Publisher: World Bank Publications
ISBN: 9780821360439
Category : Business & Economics
Languages : en
Pages : 384
Get Book Here
Book Description
This report was prepared by a team led by Roberto Zagha, under the general direction of Gobind Nankani.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498344658
Category : Business & Economics
Languages : en
Pages : 257
Get Book Here
Book Description
This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
Author: Gérard Roland
Publisher: MIT Press
ISBN: 9780262681483
Category : Business & Economics
Languages : en
Pages : 440
Get Book Here
Book Description
The transition from socialism to capitalism in former socialist economies has transformed the economic structure. This book provides an overview of research on the issues raised by the shift from collective to private ownership.
Author: Shahid Javed Burki
Publisher: World Bank Publications
ISBN: 9780821342824
Category : Business & Economics
Languages : en
Pages : 172
Get Book Here
Book Description
This report examines the precise nature of the required institutional reforms needed to achieve higher sustained rates of growth and to make a dent in poverty reduction and provides a framework for their design and implementation. The more modest objective is to examine how the concepts of the new institutional economics are useful for analyzing and designing institutions and to evaluate how political economy concepts can be used to develop strategies for implementing institutional reforms. Employing some of these concepts, the report demonstrates that sound institutional reform can be technically and politically viable in the following key sectors: banking; capital markets and legal institutions; educational institutions; judicial reforms; and public administration.
Author: Inter-American Development Bank
Publisher: Springer
ISBN: 1137393998
Category : Business & Economics
Languages : en
Pages : 643
Get Book Here
Book Description
Productive transformation requires seizing the opportunities available and opening new ones in a competitive world. Rethinking Productive Development examines the market failures impeding transformation and the government failures that may make the policy remedies worse than the market illness. To address market failures, the authors propose a simple conceptual framework based on the scope and nature of the policy approach. They then systematically analyze country policies through this lens in key areas such as innovation, new firms, financing, human capital, and internationalization to show the power of this way of thinking. Still, the book warns that policymakers cannot be sure what the right policy interventions are and must set up a process to discover them that calls for public-private collaboration. Recognizing that the risk of capture needs to be checked and that even the best policies will fail without the technical, organizational, and political capacity to implement them, the book concludes with ideas on how to design institutions fostering the right incentives and how to grow public sector capabilities over time.
Author: Yelena Kalyuzhnova
Publisher: Springer
ISBN: 1137447869
Category : Business & Economics
Languages : en
Pages : 246
Get Book Here
Book Description
This book analyses the role of local content (LC) policy in the economic development of five resource-rich countries: Brazil, Kazakhstan, Norway, Russia and the UK. The authors situate LC policy within a framework of sustainability in the form of industrial diversification and innovation-led growth, and examine how effective LC policies are in facilitating sectoral and economy-wide catching up. Structured in five chapters, the book begins with an introduction and then presents an overview of LC definitions and situates LC policies within a framework of economic development. The third chapter compares specific examples of LC development and highlights variations in practice as well as learning across case countries. The fourth chapter focuses on macro-economic, micro-economic and institutional challenges conditioning LC development and the ability of LC policies to assist innovation-led growth. The authors conclude by examining what the future holds for LC policies and their role in promoting economic growth and addressing the wider social, political and economic challenges in resource-rich countries.
Author: Colin H. Kirkpatrick
Publisher: Edward Elgar Publishing
ISBN: 9781781950494
Category : Reference
Languages : en
Pages : 488
Get Book Here
Book Description
'. . . this is a book one would expect to find in all libraries and on all development studies reading lists.' – John Hailey, Journal of International Development '. . . the Handbook is a unique reference tool on international development policy and management. Its format, both comprehensive in coverage and concise in content, will make it essential reading for the growing number of postgraduates studying development policy and management, as well as for public administration, foreign consultants and aid workers in low- and middle-income countries.' – Andrew Nickson, Public Administration 'This Handbook will surely prove to be an essential to the students, practitioners and others concerned with improvement of human condition in developing countries.' – Pundarik Mukhopadhaya, The Singapore Economic Review '. . . this Handbook offers a significant remedy to the scarcity of material in this important area. . . It is certainly very near the top of this reviewer's list of recommended reading for students, researchers and practitioners concerned with development policy.' – Michael Tribe, Development Policy Review '. . . the Handbook offers an excellent one volume survey of modern development policy and practice in poor countries.' – Tony Jackson, The Journal of the Institution of Economic Development 'This comprehensive collection contains an excellent introduction to all the major issues of development policy.' – Frances Stewart, Queen Elizabeth House, University of Oxford, UK This important Handbook on international development policy and management covers a broad spectrum of contemporary topics across all the major areas of interest. With over 40 chapters, the book comprehensively explores the many themes and issues of significance for both policy and implementation, and provides easily accessible reference material on current practice and research. The 42 contributors come from a diverse range of backgrounds, and enjoy international reputations in their chosen fields. The Handbook is organised in two parts, one dealing with policy issues and the other with implementation and management issues. The first part, on policy, covers a wide range of economic, social and environmental topics. The second part explores the political context of implementation and development practice and goes on to cover a range of issues relating to management in the public and non-state sectors and the management of development projects. Each individual chapter provides background information on theory and practice, describes the current 'state of play', examines prospects for the future and includes an annotated guide to further reading. This extensive handbook will become an essential reference on international development policy and management. Although primarily designed for postgraduate students and scholars of development studies, it will also be welcomed by development practitioners, NGOs and aid agencies.
Author: David Brady
Publisher: World Bank Publications
ISBN: 0821381016
Category : Political Science
Languages : en
Pages : 304
Get Book Here
Book Description
Does leadership affect economic growth and development? Is leadership an exogenous determinant or an endogenous outcome of growth and development processes? Can we differentiate between the two? Do leaders decisions and actions vary in importance over various stages in the process, at least in successful cases? How important is choosing the right economic model? To what extent does leadership affect the explicit or implicit time horizons of policy choices? Is leadership an important determinant of inclusiveness in growth? In what ways do leaders build consensus or institutions to allow time for the economic plan to work? What challenges does economic success generate? How do successful leaders adapt to new problems such as income inequality and a rising middle class? Does the creation of new institutions play any role in solving these problems? Why do leaders often choose second best political economic compromises in economic development? This book has been prepared for the Commission on Growth and Development to evaluate the state of knowledge on the relationship between leadership and economic growth. It does not pretend to provide all the answers, but does review the evidence, identify insights and offers examples of leaders making decisions and acting in ways that enhance economic growth. It examines a variety of topics including leaders roles in: promoting national unity, building good solid institutions, choosing innovative and localized policies, and creating political consensus for long run policy implementation. Written by prominent academics and actual policy makers, Leadership and Growth seeks to create a better understanding of the role of leadership in growth and to encourage further studies of the role of leadership in economic growth.
