Beyond Macroeconomic Stability
AbstractUganda 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.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 08/231.
Date of creation: 01 Sep 2008
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This paper has been announced in the following NEP Reports:
- NEP-AFR-2008-10-28 (Africa)
- NEP-ALL-2008-10-28 (All new papers)
- NEP-DEV-2008-10-28 (Development)
- NEP-MAC-2008-10-28 (Macroeconomics)
- NEP-SEA-2008-10-28 (South East Asia)
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- Montfort Mlachila & Tidiane Kinda, 2011. "The Quest for Higher Growth in the WAEMU Region," IMF Working Papers 11/174, International Monetary Fund.
- Jean-François Arvis & Robin Carruthers & Graham Smith & Christopher Willoughby, 2011. "Connecting Landlocked Developing Countries to Markets : Trade Corridors in the 21st Century," World Bank Publications, The World Bank, number 2286, August.
- Hickey, Sam, 2013. "Beyond the Poverty Agenda? Insights from the New Politics of Development in Uganda," World Development, Elsevier, Elsevier, vol. 43(C), pages 194-206.
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