Working Paper
The Structural Anatomy and Institutional Architecture of Inclusive Growth in Sub-Saharan Africa
The distinct features of inclusive growth within the context of sub-Saharan Africa are identified. The anatomy of growth is analysed by exploring the interrelationship among growth, inequality, and poverty. The present growth spell appears to have...
Working Paper
From manufacturing-led export growth to a twenty-first-century inclusive growth strategy
Success in development over the past half-century was based on manufacturing-led export growth. Because the share of global employment in manufacturing will decline, manufacturing won’t play the same role in the coming decades. An increase in...
Working Paper
Extractives for development
Countries face both challenges and opportunities in using their extractive industries to achieve more inclusive development—particularly in the developing world. Yet while a large national income can result from resource wealth, it can also be...
Book
Mozambique at a Fork in the Road
Few countries have experienced as many political and economic changes as Mozambique. A vast and diverse country, it faced a particularly difficult start after a long period of colonial dominance followed by a deadly war that formally ended only in...
Working Paper
Structural transformation, inequality dynamics, and inclusive growth in Bangladesh
The Bangladesh economy has undergone significant structural changes over the last four decades. The share of agriculture in GDP has declined, while the significance of industry and service sectors has increased. These structural changes have been...
Working Paper
Benign growth
Between 1981 and 2017, real gross domestic product in Thailand grew at an average annual rate of 5.7 per cent. Agricultural output grew more slowly than industry or services, and its gross domestic product share consequently declined. Industry’s...
Working Paper
Structural transformation, inequality, and inclusive growth in South Africa
This paper evaluates structural change, inequality dynamics, and industrial policy in South Africa between 1960 and the present day. We find that South Africa experienced growth-enhancing structural transformation until the early 1970s, before...
Working Paper
Inclusive growth without structural transformation?
Through rapid urbanization, Brazil—previously a country where most workers were in the agricultural sector—went through a strong process of structural transformation that lasted almost four decades until economic liberalization at the beginning of...
Working Paper
Structural transformations and the lack of inclusive growth
This paper describes the structural transformations that Chile has experienced in the last 50 years and how they have contributed—or not—to inclusive growth and genuine economic modernization from a historical perspective. The empirical analysis of...
Working Paper
Structural transformation and inclusive growth
We focus on special characteristics of the manufacturing sector, in terms of employment generation and productivity growth, that enable the rapid, resilient economic catch-up of developing countries. We consider the ‘developer’s dilemma’ and the...
Working Paper
Structural transformation and inclusive growth in Ghana
This study examines the structural transformation–inclusive growth nexus for Ghana. The data cover the post-independence period for Ghana and are phased into three periods: the post-independence period to the start of the economic recovery programme...
Book
The Developer’s Dilemma
The developer’s dilemma is thus: developing countries seek inclusive economic development — i.e., structural transformation — sufficiently broad-based to raise the income of the poor. Inclusive economic growth requires falling income inequality to...
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