
Politics and Growth
Theories of growth have made progress in understanding the mechanisms of growth in economic terms. However, there is less understanding of the political processes that enable or obstruct these mechanisms. This article provides a four-stage framework to clarify and analyse the connections
between politics and growth: (i) discussing the basic conditions essential for growth; (ii) suggesting that whether or not these conditions emerge depends on specific forms of public-private interaction; (iii) linking these relationships to the incentives facing those in political power and
investors; and (iv) considering the factors at country level that may help to push incentives in a pro-growth direction.
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Keywords: Political economy; growth; growth diagnostics
Document Type: Research Article
Affiliations: The Policy Practice, 33 Southdown Avenue, Brighton BN1 6EH (correspondence: )., Email: [email protected]
Publication date: January 1, 2011