The Growth Report and New Structural Economics

The Growth Report and New Structural Economics

Despite its heavy human, financial, and economic cost, the recent global recession provides a unique opportunity to reflect on the knowledge from several decades of growth research, draw policy lessons from the experience of successful countries, a...

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Bibliographic Details
Main Authors: Lin, Justin Yifu, Monga, Celestin
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
2008 GROWTH COMMISSION REPORT
GLOBAL INSECURITY
GROWTH RESEARCH
STRUCTURAL ECONOMICS
SUSTAINABLE GROWTH
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100608001655
http://hdl.handle.net/10986/3821
id okr-10986-3821
recordtype oai_dc
spelling okr-10986-38212021-04-23T14:02:13Z The Growth Report and New Structural Economics Lin, Justin Yifu Monga, Celestin 2008 GROWTH COMMISSION REPORT GLOBAL INSECURITY GROWTH RESEARCH STRUCTURAL ECONOMICS SUSTAINABLE GROWTH Despite its heavy human, financial, and economic cost, the recent global recession provides a unique opportunity to reflect on the knowledge from several decades of growth research, draw policy lessons from the experience of successful countries, and explore new approaches going forward. In an increasingly globalized world where fighting poverty is not only a moral responsibility but also a strategy for confronting some of the major problems (diseases, malnutrition, insecurity and violence) that ignore boundaries and contribute to global insecurity, thinking about new ways of generating and sustaining growth is a crucial task for economists. This paper reassesses the evolution of knowledge on growth and suggests a new structural approach to the analysis. It offers a brief, critical review of lessons learned from growth research and examines the remaining challenges -- especially from the policy standpoint. It highlights how the 2008 Growth Commission Report identifies the stylized facts associated with sustained and inclusive growth. And it explains how the new structural economics provides a consistent framework for understanding the key findings of the Report. 2012-03-19T18:40:25Z 2012-03-19T18:40:25Z 2010-06-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100608001655 http://hdl.handle.net/10986/3821 English Policy Research working paper ; no. WPS 5336 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic 2008 GROWTH COMMISSION REPORT
GLOBAL INSECURITY
GROWTH RESEARCH
STRUCTURAL ECONOMICS
SUSTAINABLE GROWTH
spellingShingle 2008 GROWTH COMMISSION REPORT
GLOBAL INSECURITY
GROWTH RESEARCH
STRUCTURAL ECONOMICS
SUSTAINABLE GROWTH
Lin, Justin Yifu
Monga, Celestin
The Growth Report and New Structural Economics
geographic_facet The World Region
The World Region
relation Policy Research working paper ; no. WPS 5336
description Despite its heavy human, financial, and economic cost, the recent global recession provides a unique opportunity to reflect on the knowledge from several decades of growth research, draw policy lessons from the experience of successful countries, and explore new approaches going forward. In an increasingly globalized world where fighting poverty is not only a moral responsibility but also a strategy for confronting some of the major problems (diseases, malnutrition, insecurity and violence) that ignore boundaries and contribute to global insecurity, thinking about new ways of generating and sustaining growth is a crucial task for economists. This paper reassesses the evolution of knowledge on growth and suggests a new structural approach to the analysis. It offers a brief, critical review of lessons learned from growth research and examines the remaining challenges -- especially from the policy standpoint. It highlights how the 2008 Growth Commission Report identifies the stylized facts associated with sustained and inclusive growth. And it explains how the new structural economics provides a consistent framework for understanding the key findings of the Report.
format Publications & Research :: Policy Research Working Paper
author Lin, Justin Yifu
Monga, Celestin
author_facet Lin, Justin Yifu
Monga, Celestin
author_sort Lin, Justin Yifu
title The Growth Report and New Structural Economics
title_short The Growth Report and New Structural Economics
title_full The Growth Report and New Structural Economics
title_fullStr The Growth Report and New Structural Economics
title_full_unstemmed The Growth Report and New Structural Economics
title_sort growth report and new structural economics
publishDate 2012
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100608001655
http://hdl.handle.net/10986/3821
_version_ 1764388519397031936

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