As low- and middle-income countries grow, the structure of production, trade and employment changes; it is imperative for public finance policies to evolve in tandem with these changes. Depending on a country’s development model and natural resources, growth takes different forms, but it typically consists of an expansion of manufacturing and tertiary sectors, diversification of trade, and more limited reliance on primary sectors. Growth is also accompanied...
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2024/09/27
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198024
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1
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2025/03/20
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Disclosed
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Driving Progress: Public Finance and Structural Transformation 6th World Bank/IFS/ODI Public Finance Conference Proceedings
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