4.10 Economic growth +/ economic development strategies

Strategies to promote EG+/ED

1. Trade strategies

2. Diversification

3. Social enterprise

4. Market-based policies

5. Interventionist policies

6. Provision of merit goods

7. Inward foreign direct investment (FDI)

8. Foreign aid

9. Multilateral development assistance

10. Institutional change

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Example of trade strategies

1. Import substitution

2. Export promotion

3. Economic integration

Example of market-based policies

1. Trade liberalization

2. Privatization

3. Deregulation

Example of interventionist policies

Redistribution policies:

• Tax policies

• Transfer payments

• Minimum wages

Example of provision of merit goods strategies

1. Education programs

2. Health programs

3. Infrastructure including energy, transport, telecommunications, clean water and sanitation

Example of foreign aid strategies

1. Humanitarian aid/development aid

2. Debt relief

3. Official Development Assistance (ODA)

4. Non-governmental organizations (NGOs)

Example of multilateral development assistance strategies

1. The World Bank

2. International Monetary Fund

Example of institutional change policies

1. Improved access to banking incl: microfinance, mobile banking

2. Increasing women’s empowerment

3. Reducing corruption

4. Property rights

5. Land rights

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