In Search of Inclusive Growth: The Role of Economic Institutions and Policy
2013
Inclusive economic growth is one of key challenges facing countries
across the globe, notwithstanding initial conditions, particularly following
the 2008 global economic slowdown. This paper searches for links between the quality
of institutions, economic policies, economic growth and employment creation in
low-income countries, using the specific case of Sierra Leone to illustrate.
While its findings are consistent with the literature, the paper suggests that
re-focusing economic policies on per capita real GDP growth may yield
employment dividends, but well-targeted interventions would be needed to cater
for the unemployed and to support vulnerable groups which may be
adversely impacted by the very policies that drive growth.
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