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Beyond Macroeconomic Stability: The Quest for Industrialization in Uganda
Author:
Mr. Abebe Aemro Selassie
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Series:
IMF Working Papers
Volume/Issue:
Volume 2008: Issue 231
Language:
English
Publication Date:
01 Sep 2008
DOI:
https://doi.org/10.5089/9781451870893.001
ISBN:
9781451870893
ISSN:
1018-5941
Pages:
43
Keywords:
WP; SG country; exchange rate; per capita income; growth acceleration; economic activity; take-off date
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Uganda has registered one of the most impressive economic turnarounds of recent decades. The amelioration of conflict and wide ranging economic reforms kick-started rapid economic growth that has now been sustained for some 20 years. But there is a strong sense in policy making circles that despite macroeconomic stability and reasonably well functioning markets, economic growth has not translated into significant structural transformation. This paper considers (i) Uganda's record of economic transformation relative to the high growth Asian countries and (ii) the contending explanations as to why more transformation and higher growth has proved elusive.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund