Excellent Hair Fall Treatment
Search: Look for:   Last 1 Month   Last 6 Months   All time
Home :: World

Developing nations can have 8 percent growth rate

United States America,Business/Economy, Tue, 17 Apr 2012 IANS

Washington, April 17 (IANS) Every developing country holds the potential to register fast economic growth boosted by sound policies and leveraging its comparative advantages, according to World Bank chief economist Justin Yifu Lin.


Speaking during a book launch event Monday to present key findings of his book "New Structural Economics", Justin said: "Every developing country has the potential to grow continuously at 8 percent or more for several decades, and to become a middle-income or even a high-income country in one or two generations."


The rapid and sustainable growth, he said, however needs to be boosted by governments' right policy frameworks to facilitate the development of the private sector along the lines of the country's comparative advantages and to tap into the latecomer advantages, Xinhua reported.


Justin, who is also the World Bank's senior vice president, was addressing the event hosted by the Washington-based think-tank Centre for Global Development.


He told a group of experts that for such a fast and sustainable economic growth a competitive market system and a facilitating state are required.


King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
PM Modi paying tributes at the portrait of Sardar Vallabhbhai Patel
People take part in the Run For Unity on the Rashtriya Ekta Diwas
PM Modi flagging off the Run For Unity on the Rashtriya Ekta Diwas
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image




Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.