Intro -- Contents -- Foreword -- Preface -- The Report Team -- Overview -- A Mixed Development Record -- Assets, Growth, and Welfare -- Improving the Distribution of Opportunities -- Sustaining Natural Capital -- Dealing with Global Financial Risks -- Governance and Anticorruption -- Seizing the Opportunities for Change -- Broad Objectives and Instruments -- Framework and Evidence -- Distribution of Education, Openness, and Growth -- Measuring Natural Capital -- Financial Openness -- Governance and Corruption Indexes -- Bibliography and References.
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In: Thomas, Vinod., Mansoor Dailami, Ashok Dhareshwar, Ramon E. López, Daniel Kaufmann, Nalin Kishor, and Yan Wang. 2000. The Quality of Growth. New York: Oxford University Press.
Frontmatter -- Contents -- Acknowledgments -- Introduction. Quality of Growth in Africa: An Overview / Kanbur, Ravi / Noman, Akbar / Stiglitz, Joseph E. -- Part I. Gross Domestic Product, Equity, and Employment -- 1. Beyond GDP: Measuring the Quality of Growth in Africa / Fioramonti, Lorenzo -- 2. Recent African Growth Experience: Poverty, Equity, and Political Stability / McKay, Andy -- 3. The Quality of Jobs and Growth in Sub-Saharan Africa / Mahmood, Moazam -- Part II. Structural Transformation for Quality Growth -- 4. New Global Rules, Policy Space, and Quality of Growth in Africa / Andreoni, Antonio / Chang, Ha-Joon / Estevez, Isabel -- 5. What Should Africa Learn from East Asian Development? / Sundaram, Jomo Kwame -- 6. Economic Transformation for High-Quality Growth: Insights from International Cooperation / Hosono, Akio -- Part III. Economic Transformation: Industrializing Agriculture, Complexity, and Global Value Chains -- 7. Oranges Are Not Only Fruit: The Industrialization of Freshness and the Quality of Growth / Cramer, Christopher / Sender, John -- 8. Sub-Saharan Africa's Manufacturing Sector: Building Complexity / Bhorat, Haroon / Kanbur, Ravi / Rooney, Christopher / Steenkamp, François -- 9. A Generalized Linkage Approach to Local Production Systems Development in the Era of Global Value Chains, with Special Reference to Africa / Andreoni, Antonio -- 10. (Re)shaping Markets for Inclusive Economic Activity: Competition and Industrial Policies Relating to Food Production in Southern Africa / Roberts, Simon -- Part IV. Environment -- 11. Climate Change and the Quality of Growth in Africa / Orlove, Ben -- 12. Does Environmental Policy Make African Industry Less Competitive? The Possibilities in Green Industrial Policy / Shimada, Go -- Part V. Urbanization -- 13. Urbanization and the Quality of Growth in Africa / Manuh, Takyiwaa / Yemeru, Edlam Abera -- 14. Migrants, Towns, Poverty, and Jobs: Insights from Tanzania / Christiaensen, Luc / De Weerdt, Joachim / Ingelaere, Bert / Kanbur, Ravi -- 15. Distributing Benefits from Africa's Urban Growth / Carolini, Gabriella Y. -- Contributors -- Index
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12. Does Environmental Policy Make African Industry Less Competitive? The Possibilities in Green Industrial Policy, by Go ShimadaPart V. Urbanization; 13. Urbanization and the Quality of Growth in Africa, by Takyiwaa Manuh and Edlam Abera Yemeru; 14. Migrants, Towns, Poverty, and Jobs: Insights from Tanzania, by Luc Christiaensen, Joachim De Weerdt, Bert Ingelaere, and Ravi Kanbur; 15. Distributing Benefits from Africa's Urban Growth, by Gabriella Y. Carolini; Contributors; Index
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In this short note, we take a fresh look at some aspects of quality of growth in Bangladesh – the role of growth in reducing poverty, generating employment and containing inequality. Our analysis is primarily based on the measures of elasticities using both primary and secondary data. We find that the elasticity of poverty with respect to national income has been declining very fast over time, indicating the gradual ineffectiveness of growth in reducing poverty. While inequality in income and consumption has been increasing, the elasticity of Gini with respect to national income has been declining. It indicates that economic growth has now been associated with lesser inequality. We also shed light on the debate of ―jobless growth‖ and cast doubt on this proposition as we find that the income-elasticity of employment has been increasing over time.
This paper proposes a new quality of growth index (QGI) for developing countries. The index encompasses both the intrinsic nature and social dimensions of growth, and is computed for over 90 countries for the period 1990-2011. The approach is premised on the fact that not all growth is created equal in terms of social outcomes, and that it does matter how one reaches from one level of income to another for various theoretical and empirical reasons. The paper finds that the quality of growth has been improving in the vast majority of developing countries over the past two decades, although the
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The rapid growth over the past three decades has been instrumental in lifting over 600 million people in China out of poverty, and people want to know why and how it happened. International evidence has made it clear that a global economy based on current patterns of consumption and production is simply not sustainable. Policymakers have repeatedly been advised that economic growth, poverty reduction, equity, and environment and resource sustainability must be integrated into national development strategies. What about China? The principle limitation of existing China-focused economic studies lies in its imbalances from the perspective of analysis and the impact of growth on poverty and inequality. A limited number of studies are devoted to structural transformation and China's structural imbalances, social disparities and the role of science and technology on growth and productivity. This book addresses the alarming environmental consequences of China's growth patterns within an overall quality growth framework. It contributes to the economic growth and development literature and current policy discourse on China by expanding the policy analysis to include several important new areas using the most recent data available. This includes analyzing macroeconomic factors that underlie the need for China to advance its economic transformation; examining how social inequalities, including health, education and gender, have evolved and presenting the scale of environmental problems associated with China's growth miracle. This report represents the first attempt to integrate the issue of environmental sustainability and climate change into the quality growth context, providing readers with a comprehensive account of China's success and challenges in its three decades of rapid economic growth.
Addressing the alarming environmental consequences of China's rapid rate of growth, this report contributes to the literature on Chinese economic growth and broadens the policy analysis in several important new areas, using the most recent data available.
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The world faces unprecedented opportunities to reduce global poverty and improve human welfare. Strong global growth and better economic policies in recent years have substantially reduced poverty in many developing countries. However, with the recent financial turmoil in the United States and rising prices for food, oil, and other commodities, the world economy faces heightened risks and volatility. Policymakers around the world face the challenge of maintaining momentum in growth, as well as of improving the quality of growth. This concern over quality is reflected in the highly uneven reduction in poverty, rising inequality in numerous countries, and widening environmental degradation during the past decade, a period of unprecedented high economic growth in developing countries. Unless these issues are confronted, gains from growth are likely to be undermined and the pace of growth, itself, will not be sustained. Growth is clearly linked to reductions in poverty. But the strength of this relationship depends on the quality or nature of growth. Various studies show that some growth patterns systematically reduce poverty and inequality, but others do not. And some growth patterns lead to underinvestment in human capital, overexploitation of natural resources, and degradation of the environment, patterns inimical to the sustainability of growth.