Publication:
Growth Strategies and Dynamics: Insights from Country Experiences

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dc.contributor.authorEl-Erian, Mohamed A.
dc.contributor.authorSpence, Michael
dc.date.accessioned2017-08-28T16:29:45Z
dc.date.available2017-08-28T16:29:45Z
dc.date.issued2008
dc.description.abstractThe paper examines the challenges that developing countries face in accelerating and sustaining growth. The cases of China and India are examined to illustrate a more general phenomenon which might be called model uncertainty. As a developing economy grows, its market and regulatory institutions change and their capabilities increase. As a result, growth strategies and policies and the role of government shift. Further, as the models of economies in these transitional states are incomplete and because models used to predict policy impacts in advanced economies may not provided accurate predictions in the developing economy case, growth strategies and policies need to be responsive and to evolve as the economy matures. This has lead governments in countries that have sustained high growth to be somewhat pragmatic, to treat the policy directions that emerge from the advanced economy model with circumspection, to be somewhat experimental in seeking to accelerate export diversification, to be sensitive to risks, and as a result to proceed gradually in areas such as the timing and sequencing of opening up on the current and capital accounts. The last is an area in which existing theory provides relatively little specific guidance, but in which there are relatively high risks that decline over time as the market matures.en
dc.identifierhttp://documents.worldbank.org/curated/en/121881468161096755/Growth-strategies-and-dynamics-insights-from-country-experiences
dc.identifier.citationWorld Economics
dc.identifier.doi10.1596/28006
dc.identifier.urihttps://hdl.handle.net/10986/28006
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesCommission on Growth and Development Working Paper;No. 6
dc.rightsAll rights reserved
dc.rights.holderNTC Economic & Financial Publishing
dc.subjectACCUMULATION OF RESERVES
dc.subjectADVANCED ECONOMIES
dc.subjectADVANCED ECONOMY
dc.subjectAGRICULTURE
dc.subjectALLOCATION OF CAPITAL
dc.subjectANNUAL GROWTH
dc.subjectASSET PRICE
dc.subjectASSET PRICES
dc.subjectASSETS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANKING SYSTEM
dc.subjectBROKERAGE
dc.subjectBROKERAGE FIRMS
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ACCOUNTS
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL CONTROLS
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKET DEVELOPMENT
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANK INDEPENDENCE
dc.subjectCENTRAL BANKS
dc.subjectCENTRALLY PLANNED ECONOMY
dc.subjectCLARITY
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMERS
dc.subjectCREDIBILITY
dc.subjectCROSS-BORDER FLOWS
dc.subjectCURRENCY CRISES
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT SURPLUSES
dc.subjectDEBT
dc.subjectDECENTRALIZATION
dc.subjectDECISION MAKING
dc.subjectDEFICITS
dc.subjectDEPOSITS
dc.subjectDEREGULATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDISCOUNT RATE
dc.subjectDOMESTIC BANKING
dc.subjectDOMESTIC CONSUMPTION
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC ECONOMY
dc.subjectDOMESTIC FINANCIAL MARKETS
dc.subjectDOMESTIC INFLATION
dc.subjectDOMESTIC PRICES
dc.subjectDURABLE
dc.subjectDURABLE ASSET
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTCOMES
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC THEORY
dc.subjectEMERGING ECONOMIES
dc.subjectENFORCEABILITY
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE MANAGEMENT
dc.subjectEXCHANGE RATE POLICY
dc.subjectEXCHANGE RATES
dc.subjectEXPORT COMPETITIVENESS
dc.subjectEXPORT DIVERSIFICATION
dc.subjectEXPORTS
dc.subjectEXPOSURE
dc.subjectEXTERNAL INVESTORS
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL POLICIES
dc.subjectFLEXIBLE EXCHANGE RATES
dc.subjectFOOD PRICES
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN RESERVES
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL DEMAND
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL MARKETS
dc.subjectGLOBAL PRIVATE SECTORS
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT DEBT MARKETS
dc.subjectGOVERNMENT POLICIES
dc.subjectGROSS CAPITAL FORMATION
dc.subjectGROWTH MODELS
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH POLICIES
dc.subjectGROWTH RATE
dc.subjectHEDGE FUNDS
dc.subjectHIGH INFLATION
dc.subjectHOLDING
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN RESOURCES
dc.subjectIMPORT
dc.subjectIMPORT TARIFF
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCOME GROWTH
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVELS
dc.subjectINDUSTRIALIZATION
dc.subjectINFLATION
dc.subjectINFLATIONARY IMPACT
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSURANCE
dc.subjectINTANGIBLE
dc.subjectINTANGIBLE ASSETS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTING
dc.subjectINVESTMENT PROCESS
dc.subjectINVESTMENT RATE
dc.subjectINVESTMENT RATES
dc.subjectINVESTMENT RISK
dc.subjectJUDICIAL INSTITUTIONS
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLIBERALIZATION
dc.subjectLOSS OF COMPETITIVENESS
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC MODELS
dc.subjectMARGINAL PRODUCT
dc.subjectMARKET ECONOMIES
dc.subjectMARKET ECONOMY
dc.subjectMARKET EFFICIENCY
dc.subjectMARKET ENVIRONMENT
dc.subjectMARKET MECHANISMS
dc.subjectMARKET PRESSURE
dc.subjectMARKET PRICES
dc.subjectMARKET REFORM
dc.subjectMARKET STABILITY
dc.subjectMATURE MARKET
dc.subjectMATURITY
dc.subjectMODERN FINANCIAL SYSTEM
dc.subjectMONETARY POLICY
dc.subjectOPEN ECONOMY
dc.subjectOPEN MARKET
dc.subjectOPPORTUNITY COST
dc.subjectOPPORTUNITY COSTS
dc.subjectPER CAPITA INCOME
dc.subjectPHYSICAL ASSETS
dc.subjectPOLICY RESPONSE
dc.subjectPOLITICAL ECONOMIES
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL RISKS
dc.subjectPORTFOLIO
dc.subjectPOSTWAR PERIOD
dc.subjectPOTENTIAL OUTPUT
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY REDUCTIONS
dc.subjectPRICE CHANGES
dc.subjectPRICE FORMATION
dc.subjectPRICE INFLATION
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE CAPITAL INFLOWS
dc.subjectPRIVATE EQUITY
dc.subjectPRIVATE SECTOR INVESTMENT
dc.subjectPRODUCTIVE ASSETS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SPENDING
dc.subjectRAPID GROWTH
dc.subjectREAL GDP
dc.subjectREGULATORY STRUCTURE
dc.subjectREGULATORY SYSTEMS
dc.subjectRELATIVE PRICE
dc.subjectRELATIVE PRICES
dc.subjectRESERVE
dc.subjectRESERVE ACCUMULATION
dc.subjectRESERVES
dc.subjectRETAIL INVESTORS
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectREVALUATION
dc.subjectSAVINGS RATE
dc.subjectSAVINGS RATES
dc.subjectSECURITIES
dc.subjectSECURITIES LAWS
dc.subjectSHAREHOLDER
dc.subjectSOCIAL MARGINAL COST
dc.subjectSTRUCTURAL CHANGE
dc.subjectSTRUCTURAL PROBLEM
dc.subjectSUPPLY CURVE
dc.subjectSURPLUS
dc.subjectSURPLUS LABOR
dc.subjectTANGIBLE ASSETS
dc.subjectTARIFFS ON IMPORTS
dc.subjectTAX
dc.subjectTAX POLICY
dc.subjectTAX PROVISIONS
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTIME HORIZONS
dc.subjectTRADE SURPLUS
dc.subjectUNCERTAINTIES
dc.subjectUNCERTAINTY
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWITHDRAWAL
dc.subjectWTO
dc.titleGrowth Strategies and Dynamicsen
dc.title.subtitleInsights from Country Experiencesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2010-11-26
okr.date.doiregistration2025-04-15T11:28:15.617070Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/121881468161096755/Growth-strategies-and-dynamics-insights-from-country-experiences
okr.externalcontentExternal Content
okr.guid121881468161096755
okr.identifier.externaldocumentum000334955_20101126030804
okr.identifier.internaldocumentum13162971
okr.identifier.report57706
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/121881468161096755/pdf/577060NWP0Box31UBLIC10gc1wp10061web.pdfen
okr.peerreviewAcademic Peer Review
okr.region.countryChina
okr.region.countryIndia
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicPrivate Sector Development::Emerging Markets
okr.unitPoverty Reduction and Equity (PRMPR)
okr.volume9(1)
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