Beyond Macroeconomic Stability: The Quest for Industrialization in Uganda

Author/Editor: Selassie, Abebe Aemro
Publication Date: September 01, 2008
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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.
Series: Working Paper No. 08/231
Subject(s): Financial stability | Uganda | Industrialization | Economic recovery | Economic reforms | Economic growth | Economic policy

Author's Keyword(s): Uganda | Growth | Industrialization | Economic Policies
Publication Date: September 01, 2008
Format: Paper
Stock No: WPIEA2008231 Pages: 43
US$18.00 (Academic Rate:
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