. Political commitment is the key ingredient needed for economic take-off and long-term growth. Poor countries will be unable to escape the vicious circle of poverty unless they and the international community join forces.
. Inappropriate financial policies can lead to a decline in and poor allocation of savings, subsequently holding back growth.
. Trade liberalisation not only strengthens growth, but also enhances the effectiveness of other economic policies.
. Basic education is a prerequisite for economic take-off, just as the subsequent training of skilled labour is one of the keys to long-term growth.
. Policies aimed at fostering long-term growth must be complementary; mistakes in one area can totally undermine efforts made elsewhere.
Policies for Economic Take-Off
Policy paper
OECD Development Centre Policy Briefs
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Abstract
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11 March 2008
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