The ingredients of growth

Autori: Michael Spence, Nobel Laureate in Economics, Professor Emeritus, Stanford University, and Chairman, Commission on Growth and Development


In May 2008, the Commission on Growth and Development issued its report: The Growth Report.  The Commission, dominantly political and policy leaders from developing countries, wanted to synthesize the growth experiences in a wide range of countries and research on growth strategies and policies, with a primary goal of providing a practical framework for understanding sustained high growth dynamics and for creating strategies and policies that would support that kind of growth.  This brief is based on the conclusions of the report identifying the key ingredients in the known cases of sustained growth and poverty reduction. Of course every country has unique differentiating economic and political characteristics.  As a result, it is now widely recognized that specific growth strategies need to be country, context and time specific. Since the report was published, a major global economic and financial crisis has engulfed the global economy.  Responding to it and emerging from it with a more stable and sustainable global pattern of growth will be a major challenge. While adjustments and adaptations will be required in response to evident financial sector instability and perhaps also a heightened awareness of systemic risk and potential instability, we believe that the basic framework for sustaining high growth and inclusive development is valid and has not changed.

Download file
Scarica il file PDF

FEEM Newsletter & Update

Iscriviti per rimanere aggiornato.

I Suoi dati saranno trattati dalla Fondazione Eni Enrico Mattei. – Titolare del trattamento – per ricevere via posta elettronica Newsletter & Update della Fondazione. Il conferimento dell’indirizzo e-mail è necessario alla fornitura del servizio. La invitiamo a consultare la Privacy Policy per ottenere maggiori informazioni a tutela dei Suoi diritti.

Questo Sito utilizza cookie tecnici e analytics, nonché consente l’invio di cookie di profilazione di terze parti.
Chiudendo questo banner o comunque proseguendo la navigazione sul Sito manifesti il tuo consenso all’uso dei cookie. Per ulteriori informazioni e per esprimere scelte selettive in ordine all’uso dei cookie vedi la   Cookie PolicyOk