{
  "title": "Beyond Macroeconomic Stability: The Quest for Industrialization in Uganda",
  "publication": "IMF Working Papers, September 1, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/beyond-macroeconomic-stability-the-quest-for-industrialization-in-uganda-22359",
  "canonical": "https://www.imf.org/en/publications/wp/issues/2016/12/31/beyond-macroeconomic-stability-the-quest-for-industrialization-in-uganda-22359",
  "overlayPath": "/en/publications/wp/issues/2016/12/31/beyond-macroeconomic-stability-the-quest-for-industrialization-in-uganda-22359/index.md",
  "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.",
  "sections": [
    {
      "heading": "Central Research Questions",
      "content": "- The paper considers:\n  - (i) Uganda's record of economic transformation relative to the high growth Asian countries\n  - (ii) the contending explanations as to why more transformation and higher growth has proved elusive"
    },
    {
      "heading": "Key Context and Framing",
      "content": "- Uganda has registered one of the most impressive economic turnarounds of recent decades.\n- The amelioration of conflict and wide ranging economic reforms kick-started rapid economic growth that has now been sustained for some 20 years.\n- Despite macroeconomic stability and reasonably well functioning markets, economic growth has not translated into significant structural transformation."
    },
    {
      "heading": "Subjects and Keywords",
      "content": "- Subject: Exports, Human capital, Income, Infrastructure, Real exchange rates\n- Keywords: economic activity, exchange rate, growth acceleration, per capita income, SG country, take-off date, WP"
    },
    {
      "heading": "Main Findings and Analytical Focus (as presented)",
      "content": "- Rapid economic growth in Uganda followed conflict reduction and economic reforms.\n- Sustained growth for some 20 years has not produced significant structural transformation comparable to high growth Asian countries.\n- The paper evaluates competing explanations for the limited transformation and restrained higher growth."
    },
    {
      "heading": "Implicit Policy and Research Implications (derived from paper focus)",
      "content": "- Need to assess structural constraints that hamper industrialization despite macroeconomic stability.\n- Investigation of policy reforms and conditions necessary to convert growth into structural transformation, drawing lessons from high growth Asian experiences.\n\nSource: IMF Working Paper \"Beyond Macroeconomic Stability: The Quest for Industrialization in Uganda\" by Abebe Aemro Selassie (Working Paper No. 2008/231, September 1, 2008).\n\n---\n\n Content in this bundle\n\n- Wp08231\n  - Wp08231 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Wp08231 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/beyond-macroeconomic-stability-the-quest-for-industrialization-in-uganda-22359"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/wp/issues/2016/12/31/beyond-macroeconomic-stability-the-quest-for-industrialization-in-uganda-22359/index.md)",
    "[Structured JSON version](/en/publications/wp/issues/2016/12/31/beyond-macroeconomic-stability-the-quest-for-industrialization-in-uganda-22359/index.json)",
    "[Bundle manifest](/en/publications/wp/issues/2016/12/31/beyond-macroeconomic-stability-the-quest-for-industrialization-in-uganda-22359/bundle-manifest.json)",
    "Authors: Abebe Aemro Selassie",
    "Published: September 1, 2008",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451870893.001",
    "The paper considers:",
    "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.",
    "Despite macroeconomic stability and reasonably well functioning markets, economic growth has not translated into significant structural transformation.",
    "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",
    "Rapid economic growth in Uganda followed conflict reduction and economic reforms.",
    "Sustained growth for some 20 years has not produced significant structural transformation comparable to high growth Asian countries.",
    "The paper evaluates competing explanations for the limited transformation and restrained higher growth.",
    "Need to assess structural constraints that hamper industrialization despite macroeconomic stability.",
    "Investigation of policy reforms and conditions necessary to convert growth into structural transformation, drawing lessons from high growth Asian experiences.",
    "**Wp08231**"
  ],
  "related": [
    {
      "title": "Wp08231",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2008/_wp08231.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2008/_wp08231.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2008/_wp08231.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/wp/issues/2016/12/31/beyond-macroeconomic-stability-the-quest-for-industrialization-in-uganda-22359/index.md",
    "json": "/en/publications/wp/issues/2016/12/31/beyond-macroeconomic-stability-the-quest-for-industrialization-in-uganda-22359/index.json",
    "bundleManifest": "/en/publications/wp/issues/2016/12/31/beyond-macroeconomic-stability-the-quest-for-industrialization-in-uganda-22359/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-17T10:01:44.638Z"
}