Growth Strategies and Dynamics : Insights from Country Experiences

The paper examines the challenges that developing countries face in accelerating and sustaining growth. The cases of China and India are examined to illustrate a more general phenomenon which might be called model uncertainty. As a developing econo...

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Bibliographic Details
Main Authors:	El-Erian, Mohamed A., Spence, Michael
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ACCUMULATION OF RESERVES ADVANCED ECONOMIES ADVANCED ECONOMY AGRICULTURE ALLOCATION OF CAPITAL ANNUAL GROWTH ASSET PRICE ASSET PRICES ASSETS BALANCE OF PAYMENTS BANKING SYSTEM BROKERAGE BROKERAGE FIRMS CAPITAL ACCOUNT CAPITAL ACCOUNTS CAPITAL ACCUMULATION CAPITAL CONTROLS CAPITAL FLOWS CAPITAL FORMATION CAPITAL INFLOWS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL OUTFLOWS CENTRAL BANK CENTRAL BANK INDEPENDENCE CENTRAL BANKS CENTRALLY PLANNED ECONOMY CLARITY COMPARATIVE ADVANTAGE COMPETITIVENESS CONSUMERS CREDIBILITY CROSS-BORDER FLOWS CURRENCY CRISES CURRENT ACCOUNT CURRENT ACCOUNT SURPLUSES DEBT DECENTRALIZATION DECISION MAKING DEFICITS DEPOSITS DEREGULATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DISCOUNT RATE DOMESTIC BANKING DOMESTIC CONSUMPTION DOMESTIC DEMAND DOMESTIC ECONOMY DOMESTIC FINANCIAL MARKETS DOMESTIC INFLATION DOMESTIC PRICES DURABLE DURABLE ASSET ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC THEORY EMERGING ECONOMIES ENFORCEABILITY EXCHANGE RATE EXCHANGE RATE MANAGEMENT EXCHANGE RATE POLICY EXCHANGE RATES EXPORT COMPETITIVENESS EXPORT DIVERSIFICATION EXPORTS EXPOSURE EXTERNAL INVESTORS EXTERNAL SHOCKS FINANCES FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTITUTION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STABILITY FINANCIAL SYSTEM FISCAL POLICIES FLEXIBLE EXCHANGE RATES FOOD PRICES FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN RESERVES GDP GDP PER CAPITA GLOBAL DEMAND GLOBAL ECONOMY GLOBAL MARKETS GLOBAL PRIVATE SECTORS GOVERNMENT DEBT GOVERNMENT DEBT MARKETS GOVERNMENT POLICIES GROSS CAPITAL FORMATION GROWTH MODELS GROWTH PERFORMANCE GROWTH POLICIES GROWTH RATE HEDGE FUNDS HIGH INFLATION HOLDING HUMAN CAPITAL HUMAN RESOURCES IMPORT IMPORT TARIFF IMPORTS INCOME INCOME GROWTH INCOME INEQUALITY INCOME LEVELS INDUSTRIALIZATION INFLATION INFLATIONARY IMPACT INFORMATION TECHNOLOGY INFRASTRUCTURE INVESTMENT INSTITUTIONAL DEVELOPMENT INSURANCE INTANGIBLE INTANGIBLE ASSETS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL ECONOMICS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL TRADE INVESTING INVESTMENT PROCESS INVESTMENT RATE INVESTMENT RATES INVESTMENT RISK JUDICIAL INSTITUTIONS LABOR MARKET LABOR MARKETS LIBERALIZATION LOSS OF COMPETITIVENESS MACROECONOMIC ENVIRONMENT MACROECONOMIC MODELS MARGINAL PRODUCT MARKET ECONOMIES MARKET ECONOMY MARKET EFFICIENCY MARKET ENVIRONMENT MARKET MECHANISMS MARKET PRESSURE MARKET PRICES MARKET REFORM MARKET STABILITY MATURE MARKET MATURITY MODERN FINANCIAL SYSTEM MONETARY POLICY OPEN ECONOMY OPEN MARKET OPPORTUNITY COST OPPORTUNITY COSTS PER CAPITA INCOME PHYSICAL ASSETS POLICY RESPONSE POLITICAL ECONOMIES POLITICAL ECONOMY POLITICAL RISKS PORTFOLIO POSTWAR PERIOD POTENTIAL OUTPUT POVERTY REDUCTION POVERTY REDUCTIONS PRICE CHANGES PRICE FORMATION PRICE INFLATION PRIVATE CAPITAL PRIVATE CAPITAL INFLOWS PRIVATE EQUITY PRIVATE SECTOR INVESTMENT PRODUCTIVE ASSETS PUBLIC INVESTMENT PUBLIC SPENDING RAPID GROWTH REAL GDP REGULATORY STRUCTURE REGULATORY SYSTEMS RELATIVE PRICE RELATIVE PRICES RESERVE RESERVE ACCUMULATION RESERVES RETAIL INVESTORS RETURN RETURNS REVALUATION SAVINGS RATE SAVINGS RATES SECURITIES SECURITIES LAWS SHAREHOLDER SOCIAL MARGINAL COST STRUCTURAL CHANGE STRUCTURAL PROBLEM SUPPLY CURVE SURPLUS SURPLUS LABOR TANGIBLE ASSETS TARIFFS ON IMPORTS TAX TAX POLICY TAX PROVISIONS TECHNICAL ASSISTANCE TIME HORIZONS TRADE SURPLUS UNCERTAINTIES UNCERTAINTY WAGES WEALTH WITHDRAWAL WTO
Online Access:	http://documents.worldbank.org/curated/en/121881468161096755/Growth-strategies-and-dynamics-insights-from-country-experiences http://hdl.handle.net/10986/28006

Internet

http://documents.worldbank.org/curated/en/121881468161096755/Growth-strategies-and-dynamics-insights-from-country-experiences
http://hdl.handle.net/10986/28006

Growth Strategies and Dynamics : Insights from Country Experiences

Internet

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