Download e-book for iPad: Accelerating Growth and Job Creation in South Asia by Ejaz Ghani, Sadiq Ahmed

By Ejaz Ghani, Sadiq Ahmed

ISBN-10: 0198060041

ISBN-13: 9780198060048

South Asia continues to be domestic to the world's biggest variety of negative. There also are giant disparities among international locations. This, mixed with the continued recession in economies internationally, increases new issues in regards to the demanding situations that confront governments and analysts this present day. This ebook analyses the categories of guidelines and associations that can propel South Asia in the direction of larger development, whereas additionally selling progress inclusiveness to deal with the inequality issues. The research of the publication is an final result of a high-level discussion on progress among the personal region, political management, policymakers, and teachers in South Asia. the quantity is equipped alongside 3 themesoverview of South Asias progress possibilities and demanding situations; assets of progress and regulations; and the position of nearby cooperation in selling progress.

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For example, South Asia’s average savings rate has expanded from around 16 per cent of GDP in the 1970s to 32 per cent in 2006. Investment rate has similarly expanded from the low 20 per cent range in the 1970s to 32 per cent in 2006. 6 The expansion of savings and investment rates have benefitted from sound macroeconomic management and other market-oriented reforms (Ahmed 2006). At the same time the recent adverse global developments relating to food and fuel show South Asia’s vulnerability to external shocks and 5 6 See Commission on Growth and Development (2008).

It now attracts global attention because of rapid growth, global outsourcing, and skill-intensive service exports. Having achieved high growth, the debate has now shifted to the question: Can South Asia sustain and increase the growth rate further? 2 South Asia stands to benefit from growth hysteresis. Its two key assets, demography and geography, have not yet been fully utilized. It has a young labour force. More workers will join the labour force over the coming decades. 3 South Asia’s geography also has the potential to accelerate growth.

The average poverty rate has now fallen to around 27 per cent, although there are large inter-country variations. Social indicators have improved. Maldives and Sri Lanka have achieved outstanding success in human development. Despite this progress, 4 See Ahmed and Ghani (2007: chapter 1). 6 ACCELERATING GROWTH AND JOB CREATION IN SOUTH ASIA South Asia still has the largest concentration of poor people in the world. Nearly 400 million people live on less than one US dollar a day. South Asia has the potential to reduce poverty to single digit, if it can accelerate growth to double digit while also improving the inclusiveness of growth (World Bank 2006).

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Accelerating Growth and Job Creation in South Asia by Ejaz Ghani, Sadiq Ahmed


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