Policies for Economic Take-Off [E-Book] / Jean-Claude Berthélemy and Aristomène Varoudakis
Berthélemy, Jean-Claude.
Varoudakis, Aristomène.
Paris : OECD Publishing, 1996
32 p. ; 21 x 29.7cm.
OECD Development Centre Policy Briefs ; 12
Full Text
. 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.