Beyond Reforms

Download or read book Beyond Reforms written by Jose Antonio Ocampo and published by World Bank Publications. This book was released on 2005-07-15 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Beyond Reforms' argues that economic growth in developing countries is intrinsically tied to the dynamics of production structures, to the specific policies and institutions created to support it, and the creation of linkages among domestic firms and sectors. Avoiding macroeconomic instability is also essential. However, macroeconomic stability is not a sufficient condition for growth. The broader institutional context and the adequate provision of education and infrastructure are essential 'framework conditions,' but generally do not play a direct role in bringing about changes in the momentum of economic growth.