| register to access resources |
The Challenge of Economic Reform
“Since risk is a built-in component of any reform initiative, political leaders generally try to avoid the risks by delaying reforms, if not avoiding them altogether. But reforms are necessary to accelerate the development process.”
Prem Khanal
OverviewLow and negative economic growth often leads to increased poverty, widespread economic hardship, or even civil conflict. In contrast, greater national output means that there is a bigger economic pie to be shared. Higher economic growth is more likely to occur under conditions where individuals have a chance to participate freely in markets and where they can make the best use of their talents to enhance their well-being and propel the economy. Thus, greater economic freedom achieved through reforms is linked to sustainable economic growth and development. Yet reforms often encounter resistance from the groups that benefit from the status quo. Overcoming this resistance is a key challenge for reformers everywhere. Additional Resources
|
Launch the multimedia presentation 
Share your thoughts about lectures and topics on our Forum