Economic reform in developing countries
This book offers insights into the process of economic reform in developing countries. It is organized around three factors that are critical to the success of any reform. According to Nobel Laureate Amartya Sen, these key dimensions are Reach, Range, and Reason. ‘Reach’ refers to the ability of reform to be person-centered and evenhanded, reaching all individuals in society. ‘Range’ considers the institutional reforms and policy changes necessary to implement change and the possible ripple effects on other policies and populations. Finally, ‘Reason’ captures the importance of constantly asking why a particular reform has been selected.
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analysis assets attending school average Belarus beneﬁts capita consumption carmot CEECs cent level child labor China coefﬁcient Czech Republic deﬁned Democracy Indexes developing countries dummy economic growth effect efﬁciency empirical enrollment rates estimates exchange rate extreme volatility FDI ﬂows FDI inﬂows ﬁgures ﬁnancial ﬁnd ﬁndings ﬁrst ﬁve Foreign Direct Investment Global govemment higher human capital Hungary impact income increase inequalities inﬂation inﬂuence institutions instrumental variables International investment investors Kenya macroeconomic measure Mexico negative output performance changes policies poverty trap primary school privatized ﬁrms probit proﬁtability property rights quintiles ratio reﬂect reforms regressions rehabilitated road Research retums road rehabilitation rule of law rural road sample school attendance school costs school enrollment score secondary sector shocks signiﬁcant social SOEs speciﬁc statistically signiﬁcant stature surveys Table Tobit model trade liberalization transition Transition Economies treaty variables vulnerability World Bank