Faculty / School
Faculty of Business Administration (FBA)
Department
Department of Economics
Was this content written or created while at IBA?
No
Document Type
Conference Paper
Publication Date
6-1-1993
Conference Name
L'Ajustement structurel et au-delà
Conference Location
La Haye, Pays-Bas
Conference Dates
Juin 1-3, 1993
First Page
1
Last Page
25
Abstract / Description
The determinants of economic growth and development are complex, diverse, and not fully understood. There is no single model of economic development that has universal validity or that can be applied to explain or predict the development pattern of every developing country or even groups of countries. However, the experience of the past thirty years, drawn from more than 100 developing countries, provides some general lessons.
Empirical studies that have analyzed the determinants of economic development over a long period have concluded that human resources and public investment, combined with outward-oriented trade policies, have a positive and significant impact on economic growth. Better policies are generally associated with faster growth, particularly political and social stability. Referring to empirical knowledge and the unique characteristics of Sub-Saharan African countries, the 1989 Long-Term Perspective Study on Sub-Saharan Africa established a long-term development program that reflects a broad consensus among Africans, donors, and the development community as a whole.
Recommended Citation
Husain, I. (1993). AJUSTEMENT STRUCfUREL ET DEVELOPPEMENT A LONG TERME DE L'AFRIQUE SUBSAHARIENNE., 1-25. Retrieved from https://ir.iba.edu.pk/faculty-research-series/226
Note
This article is written in the French language and was presented in 1993 at an international seminar. It focuses on the determinants of economic growth and structural adjustment in developing countries. The paper highlights the importance of policies, human resources, and investment in promoting development. It particularly emphasizes the challenges and long-term development strategies for Sub-Saharan Africa.
Comments
This article is written in the French language and was presented in 1993 at an international seminar. It focuses on the determinants of economic growth and structural adjustment in developing countries. The paper highlights the importance of policies, human resources, and investment in promoting development. It particularly emphasizes the challenges and long-term development strategies for Sub-Saharan Africa.