In recent years, there has been an increasing realisation that political institutions and governance matter when explaining economic growth in developing countries. Here, political institutions refer to the process of collective decision-making and the checks on politicians and politically and economically powerful interest groups. Governance refers to the capability of the state to provide public…» more
State-business relations
State-business relations in low income countries are seen as a key determinant of inclusive growth and of structural transformation – shifts in economic structure to more productive activities and sectors. Effective state-business relations can boost economic growth by increasing the rate and the productivity of investment. State-business relations can take the form of ...» more
