Beyond Macroeconomic Stability: The Quest for Industrialization in Uganda

September 1, 2008

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Abebe Aemro Selassie. Beyond Macroeconomic Stability: The Quest for Industrialization in Uganda, (USA: International Monetary Fund, 2008) accessed September 19, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Uganda has registered one of the most impressive economic turnarounds of recent decades. The amelioration of conflict and wide ranging economic reforms kick-started rapid economic growth that has now been sustained for some 20 years. But there is a strong sense in policy making circles that despite macroeconomic stability and reasonably well functioning markets, economic growth has not translated into significant structural transformation. This paper considers (i) Uganda's record of economic transformation relative to the high growth Asian countries and (ii) the contending explanations as to why more transformation and higher growth has proved elusive.

Subject: Exports, Human capital, Income, Infrastructure, Real exchange rates

Keywords: Economic activity, Exchange rate, Growth acceleration, Per capita income, SG country, Take-off date, WP

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2008/231
Stock No:

WPIEA2008231
ISBN:

9781451870893
ISSN:

1018-5941

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