Accelerating And Sustaining Growth: Economic and Political Lessons

July 1, 2012

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

The paper reviews and draws lessons from the experience of fast growing economies including a sub-set of these termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent. It then reviews the history of the Indian growth acceleration following the reforms of the 1990s and its future prospects given the recent slowdown. It analysis the potential dangers and reasons for India’s growth slowdown and proposes policy reforms for sustaining fast growth.

Subject: Balance of payments, Environment, Foreign direct investment, Government debt management, Imports, Income, International trade, National accounts, Natural resources, Production, Productivity

Keywords: Asia and Pacific, capital goods, economic growth, exchange rate, financial crisis, Foreign direct investment, Global, High Growth Economies, Imports, Income, India, land market, low income, natural resource, Natural resources, pHGE country, Policy Reforms, political system, Productivity, public goods, South Asia, Timing and Phasing., WP

Pages:
46
Volume:
2012
DOI:
https://doi.org/10.5089/9781475505337.001
Issue:
185
Series:
Working Paper No. 2012/185
Stock No:
WPIEA2012185
ISBN:
9781475505337
ISSN:
1018-5941

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