Supporting economic growth in low- and middle-income countries: identifying low-cost interventions

Achieving the ability to promote economic growth, transformation and job creation is a key priority for low- and middle-income countries as they seek to advance their development goals and improve living standards. This report explores effective low-cost interventions that external donors can implem...

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Bibliographic Details
Published in:Policy File 2024
Main Author: Dirk Willem te Velde
Format: Report
Language:English
Subjects:
Developing countries
Economic growth
Economic policy
Job creation
LDCs
Online Access:Request full text
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Summary:Achieving the ability to promote economic growth, transformation and job creation is a key priority for low- and middle-income countries as they seek to advance their development goals and improve living standards. This report explores effective low-cost interventions that external donors can implement to stimulate economic growth in these nations. Moving beyond traditional investment climate reforms, this report highlights the crucial role of targeted actions in enabling markets to function effectively and drive industrialisation and job creation. By leveraging insights from past initiatives in trade facilitation, development finance and policy advisory support, the report highlights a variety of low-cost interventions with significant potential for impact on economic growth.