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Beyond Macroeconomic Stability; The Quest for Industrialization in Uganda

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  • Abebe Aemro Selassie

Abstract

Uganda 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.

Suggested Citation

  • Abebe Aemro Selassie, 2008. "Beyond Macroeconomic Stability; The Quest for Industrialization in Uganda," IMF Working Papers 08/231, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:08/231
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    References listed on IDEAS

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    1. Evans, Geroge W & Honkapohja, Seppo & Romer, Paul, 1998. "Growth Cycles," American Economic Review, American Economic Association, vol. 88(3), pages 495-515, June.
    2. Easterly, William & Rebelo, Sergio, 1993. "Fiscal policy and economic growth: An empirical investigation," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 417-458, December.
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    Cited by:

    1. Montfort Mlachila & Tidiane Kinda, 2011. "The Quest for Higher Growth in the WAEMU Region; The Role of Accelerations and Decelerations," IMF Working Papers 11/174, International Monetary Fund.
    2. 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.
    3. Hickey, Sam, 2013. "Beyond the Poverty Agenda? Insights from the New Politics of Development in Uganda," World Development, Elsevier, vol. 43(C), pages 194-206.

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