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

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Presentation transcript:

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

US employment, major sectors

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

BRICS Capital accumulation

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

The Flying Geese Model ( AKamatsu 1958 )

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

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