One key example of the post-1990s literature is the volume Economic Growth in the
1990s: Learning from a Decade of Reform (World Bank, 2005). It concludes that
although the necessary fundamentals for growth, such as a stable macroeconomic
environment, enforcement of property rights, openness to trade, and effective
government, are key factors in the growth process, they are not the whole story.
One key example of the post-1990s literature is the volume Economic Growth in the1990s: Learning from a Decade of Reform (World Bank, 2005). It concludes thatalthough the necessary fundamentals for growth, such as a stable macroeconomicenvironment, enforcement of property rights, openness to trade, and effectivegovernment, are key factors in the growth process, they are not the whole story.
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