A good deal is known about what makes for successful economic development, but very little is known about how to get there - that entails an understanding of the process of economic change. The paper fist examines the sources of successful growth and then explores the process of dynamic change of economies. As to sources of growth, three fundamental factors are discussed : basic economic determinants, the institutional framework and the cultural heritage of society.
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Paper provided by World Institute for Development Economics Research in its series Research Paper with number
128.
Length: 16 pages Date of creation: 1997 Date of revision: Handle: RePEc:fth:wodeec:128
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Find related papers by JEL classification: O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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