Policies for Economic Take-Off
Abstract. Political commitment is the key ingredient needed for economic take-off and long-term growth. Poor countries will be unable to escape the vicious circle of poverty unless they and the international community join forces. . Inappropriate financial policies can lead to a decline in and poor allocation of savings, subsequently holding back growth. . Trade liberalisation not only strengthens growth, but also enhances the effectiveness of other economic policies. . Basic education is a prerequisite for economic take-off, just as the subsequent training of skilled labour is one of the keys to long-term growth. . Policies aimed at fostering long-term growth must be complementary; mistakes in one area can totally undermine efforts made elsewhere.
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Bibliographic InfoPaper provided by OECD Publishing in its series OECD Development Centre Policy Briefs with number 12.
Date of creation: 01 Sep 1996
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