Abstract
The large universe of less developed economies — the slow-growing low-income and low-middle-income countries — have been unable to catch up with the more dynamic industrialized countries. Divergences in economic performance among the developing economies are so high that for many their per capita incomes are lower than they were a few decades ago. The drivers of growth, the diversification of the production structure — shifting capital and labor from low- to high-productivity sectors — policies and the processes; and the institutions appropriate for implementing, administering and enforcing such policies are arguably the common problems.
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© 2016 Mohan L. Lakhera
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Lakhera, M.L. (2016). Major Findings, Challenges and Opportunities. In: Economic Growth in Developing Countries. Palgrave Macmillan, London. https://doi.org/10.1057/9781137538079_7
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DOI: https://doi.org/10.1057/9781137538079_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-55922-0
Online ISBN: 978-1-137-53807-9
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