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Policies for Economic Take-Off

Author

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  • Jean-Claude Berthélemy
  • Aristomene Varoudakis

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.

Suggested Citation

  • Jean-Claude Berthélemy & Aristomene Varoudakis, 1996. "Policies for Economic Take-Off," OECD Development Centre Policy Briefs 12, OECD Publishing.
    • Handle: RePEc:oec:devaab:12-en
    DOI: 10.1787/126435112001
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    Cited by:

    1. Cuevas, Mario & Lée, Sigfrido & Pineda, Bismarck, 2010. "Industrial Policy in Guatemala: A Case of Policy Inertia under Changing Paradigms," IDB Publications (Working Papers) 3027, Inter-American Development Bank.
    2. Brian Francis & Sunday Iyare, 2006. "Education and development in the caribbean: a cointegration and causality approach," Economics Bulletin, AccessEcon, vol. 15(2), pages 1-13.

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