Mainstream development economics is failing
Increasing labour market productivity, improving technology, and generating sectors with higher value-added outputs are key characteristics of sustained economic growth. Empirical data on successes and failures in realising these processes reveal that mainstream policy approaches, which are designed for high-income country contexts, are not appropriate for developing countries. Successful developing countries instead implement pioneering policy approaches that prioritise capitalising on their comparative economic advantages to realise their growth potential.
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Date Published
Wednesday, February 27, 2019
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