Accelerating And Sustaining Growth: Economic and Political Lessons

Arvind Virmani

No 2012/185, IMF Working Papers from International Monetary Fund

Abstract: The paper reviews and draws lessons from the experience of fast growing economies including a sub-set of these termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent. It then reviews the history of the Indian growth acceleration following the reforms of the 1990s and its future prospects given the recent slowdown. It analysis the potential dangers and reasons for India’s growth slowdown and proposes policy reforms for sustaining fast growth.

Keywords: WP; financial crisis; economic growth; low income; capital goods; exchange rate; natural resource; High Growth Economies; India; Policy Reforms; Timing and Phasing.; political system; public goods; land market; pHGE country; Income; Natural resources; Foreign direct investment; Imports; Productivity; Global; South Asia; Asia and Pacific (search for similar items in EconPapers)
Pages: 46
Date: 2012-07-01
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Citations: View citations in EconPapers (5)

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