LEADER 03908oam 22006495 450 001 9910796792703321 005 20171222144924.0 024 7 $a10.1596/978-1-4648-1194-4 035 $a(CKB)4100000001301001 035 $a(MiAaPQ)EBC5164064 035 $a(The World Bank)211194 035 $a(US-djbf)211194 035 $a(EXLCZ)994100000001301001 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aFrom Falling Behind to Catching Up : $eA Country Economic Memorandum for Malawi/ /$fRichard Record 210 1$aWashington, D.C. :$cThe World Bank,$d2018. 215 $a1 online resource (80 pages) 225 1 $aDirections in Development;Directions in Development - Public Sector Governance 311 $a1-4648-1194-6 311 $a1-4648-1195-4 330 3 $aDespite decades of development efforts supported by significant amounts of foreign aid, Malawi has experienced weak and volatile economic growth performance over a sustained period of time. Malawi's growth remains an outlier even compared to its geographically and demographically similar peers. Moreover, growth has been distributed unequally, with little impact on poverty. Per capita income has improved only minimally in the 50 years since independence, and Malawi now has one of the lowest per capita incomes in the world. From Falling Behind to Catching Up aims to improve readers' understanding of the puzzle of Malawi's development performance and identify ways for the country to achieve robust growth and stay on a stable growth path that helps the poor. The book places a strong emphasis on assessing Malawi's growth experience since independence from a comparative international perspective. It seeks to benchmark Malawian outcomes on growth, structural change, and transformation against peers and explores possible reasons for divergence from international trends. The book also puts deeper drivers of economic growth at the center of the discussion, looking in particular at the institutions and policies that may have affected Malawi's growth outcomes and ones that could help Malawi avoid macroeconomic instability in the future. This book first begins by discussing Malawi's macroeconomic situation and challenges in fiscal management, reviewing and drawing lessons from the instability, slippages, and shocks Malawi has experienced since independence. Second, given how critical the agricultural sector is to poverty reduction in Malawi, the overview explores the current state of agricultural markets. Third, looking at the factors that may constrain higher growth in the future, challenges in private sector development and job creation are discussed. Finally, building on the analysis of challenges, the book concludes with a summary of policy recommendations aimed at helping Malawi begin catching up with its peers. 410 0$aWorld Bank e-Library. 606 $aAgriculture 606 $aCountry Economic Memorandum 606 $aEconomic Growth 606 $aFiscal Management 606 $aFISP 606 $aInstitutions 606 $aMacroeconomic Stability 606 $aPolitical Economy 606 $aPoverty 606 $aPublic Sector 607 $aMalawi$xEconomic conditions 615 4$aAgriculture 615 4$aCountry Economic Memorandum 615 4$aEconomic Growth 615 4$aFiscal Management 615 4$aFISP 615 4$aInstitutions 615 4$aMacroeconomic Stability 615 4$aPolitical Economy 615 4$aPoverty 615 4$aPublic Sector 676 $a330.9689704 700 $aRecord$b Richard$01566286 702 $aKumar$b Praveen 702 $aKandoole$b Priscilla 801 0$bDJBF 801 1$bDJBF 906 $aBOOK 912 $a9910796792703321 997 $aUNINA