strategy
Restructuring economic policies in developing countries
Context:
The pace of development of developing countries depends greatly on the effectiveness of the domestic economic policies that each government pursues. These policies can be effective even in a generally unfavourable international environment. Many developing countries need to make structural changes if they are to resume satisfactory long-term growth. Public finance offers many opportunities for reform of this kind. The ways in which governments raise revenue can substantially affect economic efficiency. Implementation:
Examples of successfully restructured economic policies include: the East Asian newly industrialized economies; Botswana; China; Colombia; India; Indonesia; Thailand; and Turkey. In each of these countries strong economic performance in recent years can be traced to sound policies - not just to special factors such as external aid or natural resource endowments. Values:
Uneconomic References:
Mashbits, Ya G and Utkin, G N: Problems of Economic Regionalization in the Developing CountriesUnited Nations Conference on Trade and Development: Commodity Export Earnings Shortfalls, Existing Financial Mechanisms and the Effects of Shortfalls on the Economic Development of Developing CountriesSasson, Albert and Costarini, V: Biotechnologies in Perspective: socio-economic implications for developing countriesUnited Nations Conference on Trade and Development: Report of Ad Hoc Expert Group on Technology Policies in Open Developing Country EconomiesChang, Ha-Joon and Singh, Ajit: Public Enterprises in Developing Countries and Economic Efficiency Subjects:
Management → PlanningEconomics → Economic
Policy-making → Policy
Type Classification:
D: Detailed strategies Related UN Sustainable Development Goals:
