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Publications (13)
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– Historical Accounts from More Advanced Countries
Based on eleven themes, this paper synthesizes in-depth case studies that present historical accounts on the development ‘success’ for a number of more economically advanced countries. The coverage includes Nordic countries (Denmark, Finland, Norway, and Sweden), non-Nordic advanced countries...
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This paper provides a synthesis of the country cases in the Middle East and North Africa: Oman, Bahrain, Tunisia, and the United Arab Emirates. Although these countries differ in terms of resource endowments and economic evolution, they share common aspects of successful development. This chapter...
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– Country Role Models of Development Success?
The paper discusses views on China and India as country role models. In so doing the article recounts the economic and political reforms pursued by the two countries. The paper also outlines the outstanding reforms and the bottlenecks that could jeopardize economic performance and development going...
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– Lessons from Brazil, Chile, Costa Rica and the Dominican Republic
This paper provides a synthesis of the four papers on the Latin American and Caribbean economies: Brazil, Chile, Costa Rica, and the Dominican Republic. It focuses on the following themes: macroeconomic stabilization and fiscal challenges, poverty and inequality, and the use of natural resources to...
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– Some Lessons in Economic Development
Oil was discovered in the United Arab Emirates (UAE) just 50 years ago. During that time, UAE has been able to transform itself into a rapidly modernizing country, which is fast becoming a major economic hub and a key player on the international economic landscape. This paper discusses a number of...
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– Lessons from Botswana, Ghana, Mauritius and South Africa
Botswana, Ghana, Mauritius and South Africa are sub-Saharan African countries that stand out for their development progress. Each of these countries has succeeded against the odds, against expectations. This paper synthesizes the common ingredients of these countries’ success, and derives lessons...
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– The Case of Costa Rica
In this paper, I discuss the reasons for Costa Rica’s economic performance over the last quarter of a century. Three complementary sets of policies (investments in human capital, careful stabilization, and an intelligent and aggressive integration into the world economy) explain the successful...
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I argue that the economic success of Botswana can be explained by the historical development of its institutions which is related to the trajectory of the Tswana states over the past 200 years. These institutions created a much more stable and accountable government than elsewhere in Africa after...
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This paper examines different explanations—initial conditions, openness to trade and FDI, and institutions—of the Mauritian growth experience since the mid-1970s. We show that arguments based on openness to trade and FDI are either misleading or incomplete. Even when correctly articulated, openness...
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– An Interpretation of China’s Economic Success in the Reform Era
In the last 30 years, China has achieved high economic growth and successfully transformed its economy from a planned economy to a market-based system. The country, to a large extent, has attained success through the recommendations proposed by standard economic theory. However, the role of...
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– Competition and Contestability as Key Success Factors
This paper argues that economic competition and political contestability are two key determinants of the successful development of the Swiss economy in the nineteenth and twentieth century. We describe how Switzerland evolved from a relatively poor country with no natural resources and net...
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During the 1950-70s Norway had relatively low GDP per capita compared to the OECD average and even more so compared to Denmark and Sweden. During the 1970s there was a significant catch-up in incomes and from the early 1990s a ‘take-off’ in relative income. Norway is currently ranked among the...
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– The Janus-faced Success Story
This paper offers a broad overview of the Hungarian development strategy over the past two decades. Combining historical and functional analysis, some major strengths and weaknesses are identified, with special emphasis on the country’s open-door policies and the role played by the European Union...
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