Race to the Next Income Frontier

How Senegal and Other Low-Income Countries Can Reach the Finish Line

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Race to the Next Income Frontier by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Ali M. Mansoor, Salifou Issoufou, Daouda Sembene ISBN: 9781484340592
Publisher: INTERNATIONAL MONETARY FUND Publication: April 4, 2018
Imprint: Language: English
Author: Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
ISBN: 9781484340592
Publisher: INTERNATIONAL MONETARY FUND
Publication: April 4, 2018
Imprint:
Language: English

Economic transformation and diversification require solutions that take account of the political economy of reform. This book explores the process of economic transformation, using Senegal as an example. Sound macroeconomic and fiscal policies are prerequisites for achieving this kind of transformation, but these policies need to include the appropriate industrial policies and good economic governance, which provide incentives to help small- and medium-sized enterprises emerge from the informal sector and for foreign direct investment to use the country as a platform for globally competitive production. In many low-income countries extensive rent seeking and patronage have generated stability at the expense of inclusive growth and held back development. Although policymakers know what is needed to address these problems and achieve economic transformation and diversification, how to do it remains a challenge. This book shows how the political economy of reform may be navigated to achieve transformation. For example, the use of special economic zones may solve the problem if good global governance is emphasized, along with linking the zones to the global economy.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Economic transformation and diversification require solutions that take account of the political economy of reform. This book explores the process of economic transformation, using Senegal as an example. Sound macroeconomic and fiscal policies are prerequisites for achieving this kind of transformation, but these policies need to include the appropriate industrial policies and good economic governance, which provide incentives to help small- and medium-sized enterprises emerge from the informal sector and for foreign direct investment to use the country as a platform for globally competitive production. In many low-income countries extensive rent seeking and patronage have generated stability at the expense of inclusive growth and held back development. Although policymakers know what is needed to address these problems and achieve economic transformation and diversification, how to do it remains a challenge. This book shows how the political economy of reform may be navigated to achieve transformation. For example, the use of special economic zones may solve the problem if good global governance is emphasized, along with linking the zones to the global economy.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Manual on Fiscal Transparency (2007) by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
Cover of the book Lessons from the Crisis in Argentina by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
Cover of the book Regional Economic Outlook April 2011: Asia and Pacific - Managing the Next Phase of Growth by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
Cover of the book Large and Complex Financial Institutions: Challenges and Policy Responses - Lessons from Sweden by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
Cover of the book The IMF and Argentina, 1991-2001 by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
Cover of the book Computing Cyclically-Adjusted Balances and Automatic Stabilizers by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
Cover of the book Finance & Development, September 1980 by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
Cover of the book Safeguarding Financial Stability: Theory and Practice by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
Cover of the book Finance & Development, March 1994 by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
Cover of the book International Reserves and Foreign Currency Liquidity: Guidelines for a Data Template by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
Cover of the book Currency Boards: Issues and Experiences by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
Cover of the book The Global Financial Crisis and Adjustment to Shocks in Kenya, Tanzania, and Uganda: A Balance Sheet Analysis Perspective by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
Cover of the book Revenue Administration: Managing the Shadow Economy by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
Cover of the book Women, Work, and the Economy: Macroeconomic Gains from Gender Equity by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
Cover of the book Exchange Rate Regimes and the Stability of the International Monetary System by Ali M. Mansoor, Salifou Issoufou, Daouda Sembene
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy