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Published byGabriella Wormwood Modified over 10 years ago
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Development indicators Gianni Vaggi University of Pavia September 2013 On the causes of economic growth
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US employment, major sectors
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GDP by sector in East South Africa Source: Schoening 2007. Data from African Development Bank, Selected Statistics on African Countries 2007
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BRICS Capital accumulation
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The Asian Miracle World Bank 1993 UNCTAD Trade and Development Report 1996, 1997, Robert Wade Governing the market, 1990
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The Flying Geese Model ( AKamatsu 1958 )
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The engine for growth-1 The role of the governments: – Policies ensuring macroeconomic stability – Government and financial markets – Policies promoting equality(education, land reform)
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The engine for growth-2 The profit-saving-investmenet nexus Industrial policies (promoting accumulation of physical and human capital) activities (altering the allocation of resources) Export promotion-SEZ
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