From Falling Behind to Catching Up : A Country Economic Memorandum for Malawi.

Front Cover -- Contents -- About the Authors -- Acknowledgments -- Abbreviations -- Chapter 1 The Puzzle of Malawi's Lack of Development -- Note -- References -- Chapter 2 The Importance of Macroeconomic Stability and Fiscal Management -- Growth and Poverty Trends since Independence -- Sources of Growth -- Macroeconomic Instability and Its Causes -- The Challenges of Fiscal Management -- Notes -- References -- Chapter 3 The Critical Role of Agriculture in Growth and Poverty Reduction -- Lack of Change in the Agriculture Sector -- Ineffective Efforts to Support the Agriculture Sector -- Notes -- References -- Chapter 4 The Need for Private Sector Investment and Job Creation for Future Growth -- A Multitude of Constraints to Private Sector Development -- Limited Employment Creation -- References -- Chapter 5 Policy and Institutional Actions for Moving Beyond "Business as Usual" to Achieve Stable and Sustained Growth and Poverty Reduction -- Entrenching Macroeconomic Stability -- Focusing Resources to Support Agriculture Sector Transformation More Effectively -- Undertaking Reforms to Foster Private Sector Development and Generate Employment -- Executing Reforms and Restoring the Effectiveness of Malawi's Institutions -- Note -- References -- Appendix A List of Background Papers -- Boxes -- Box 1.1 Understanding the Deeper Determinants of Growth in Malawi -- Box 5.1 Lessons for Malawi from the World Development Report 2017 -- Figures -- Figure 1.1 Growth of Real per Capita GDP in Malawi and Selected Benchmark Countries in Sub-Saharan Africa, 1990-2015 -- Figure 2.1 Growth of Real GDP per Capita in Malawi and Sub-Saharan Africa, 1964-2015 -- Figure 2.2 Household Poverty Rates in Malawi, by Rural-Urban Location, 2004 and 2010 -- Figure 2.3 Depth of Poverty in Malawi, by Rural-Urban Location, 2004 and 2010.

Figure 2.4 Poverty Rates in Malawi and Other Sub-Saharan African Countries, Various Years -- Figure 2.5 Changes in Sectoral Productivity and Employment Shares in Malawi, 1970-90 and 1990-2010 -- Figure 2.6 TFP Growth and Real per Capita GDP in Malawi, 1965-2015 -- Figure 2.7 Capital Stock in Malawi and Select Sub-Saharan African Countries, 1964-2015 -- Figure 2.8 Inflation Rate in Malawi, 1980-2015 -- Figure 2.9 Real Interest Rate in Malawi, 1980-2014 -- Figure 2.10 Real Exchange Rate in Malawi, 1980-2015 -- Figure 2.11 Fiscal Balances in Malawi, 1980-2015 -- Figure 2.12 External Shocks in Malawi, 1979-2016 -- Figure 2.13 Terms of Trade in Malawi, 1980-2015 -- Figure 2.14 Level of Debt in Malawi, 2004-2018 -- Figure 2.15 Ratio of Government Expenditures to GDP in Malawi, 1992-2015 -- Figure 2.16 Tax Collection Relative to GDP per Capita in Malawi -- Figure 2.17 Role of Donor Grants in Malawi, 1992-2015 -- Figure 3.1 Maize Price Volatility in Malawi and Elsewhere in Sub-Saharan Africa, 2004-15 -- Figure 4.1 Obstacles to Conducting Private Business in Malawi and in Sub-Saharan Africa, by Size of Firm, Various Years -- Figure 4.2 Nominal Lending Rates in Malawi and Comparator Countries, 2004-16 -- Figure 4.3 Spread between Deposit and Lending Rates in Malawi and Comparator Countries, 2009-14 -- Figure 4.4 Seasonal Pattern of Exports and Imports on Key Transport Routes in Malawi, 2015 -- Figure 4.5 Volume of Trade on Key Transport Routes in Malawi, 2015 -- Figure 4.6 Small Household Enterprises in the Nonagriculture Sector in Malawi, by Type of Business, Fiscal Year 2010-11 -- Figure 4.7 Household Enterprises and the Ability to Increase Income and Savings, by Rural-Urban Location in Malawi, Fiscal Year 2010-11 -- Figure 5.1 Two Possible Scenarios for Malawi's Future Investment Climate -- Figure 5.2 Solution-Driven Approach.

Figure B5.1.1 Framework for Looking at How Power Asymmetries Affect Policy Making -- Tables -- Table 2.1 Economic Growth in Malawi since Independence, 1964-2015 -- Table 2.2 Contribution of Labor and TFP Growth to Real GDP Growth in Malawi, 1964-2015 -- Table 2.3 Contribution of Physical Capital per Worker to Economic Growth in Malawi, 1964-2015 -- Table 2.4 External Shocks and Policy-Induced Shocks Affecting Malawi's Economy, 1992-2015 -- Table 3.1 Share of Agricultural Crops That Are Sold in Malawi.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.