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Development indicators Gianni Vaggi University of Pavia September 2013 On the causes of economic growth.

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Presentation on theme: "Development indicators Gianni Vaggi University of Pavia September 2013 On the causes of economic growth."— Presentation transcript:

1 Development indicators Gianni Vaggi University of Pavia September 2013 On the causes of economic growth

2 US employment, major sectors

3 GDP by sector in East South Africa Source: Schoening Data from African Development Bank, Selected Statistics on African Countries 2007

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12 BRICS Capital accumulation

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20 The Asian Miracle World Bank 1993 UNCTAD Trade and Development Report 1996, 1997, Robert Wade Governing the market, 1990

21 The Flying Geese Model ( AKamatsu 1958 )

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23 The engine for growth-1 The role of the governments: – Policies ensuring macroeconomic stability – Government and financial markets – Policies promoting equality(education, land reform)

24 The engine for growth-2 The profit-saving-investmenet nexus Industrial policies (promoting accumulation of physical and human capital) activities (altering the allocation of resources) Export promotion-SEZ

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