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Beyond Macroeconomic Stability: The Quest for Industrialization in Uganda

Beyond Macroeconomic Stability: The Quest for Industrialization in Uganda by Abebe Aemro Selassie
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Uganda has registered one of the most impressive economic turnarounds of recent decades. The amelioration of conflict and wide ranging economic reforms kick-started rapid economic growth that has now been sustained for some 20 years. But there is a strong sense in policy making circles that despite macroeconomic stability and reasonably well functioning markets, economic growth has not translated into significant structural transformation. This paper considers (i) Uganda's record of economic transformation relative to the high growth Asian countries and (ii) the contending explanations as to why more transformation and higher growth has proved elusive.
International Monetary Fund; September 2008
43 pages; ISBN 9781452769257
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Title: Beyond Macroeconomic Stability: The Quest for Industrialization in Uganda
Author: Abebe Aemro Selassie