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Structural Change, Economic Growth and Poverty in OIC countries: the case of Indonesia, Malaysia, Nigeria and Turkey.

Naiya, Ismaeel Ibrahim (2013): Structural Change, Economic Growth and Poverty in OIC countries: the case of Indonesia, Malaysia, Nigeria and Turkey.

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Abstract

The paper uses available data to compare and analyzes the relationships between structural change and economic growth in four OIC member countries (Indonesia, Malaysia, Nigeria and Turkey). The paper uses descriptive statistics to analyze and compare structural transformation in the study countries. It finds that Malaysia, Indonesia and Turkey succeeded achieving sustained economic growth and development because they were able to effectively transform their productive activities from low to high productivity; and diversified from monoculture to manufacturing and exports of finished products, and were thus able to significantly reduce poverty during the last three decades. The paper concludes that political stability, human development and good economic management as well as demographic change are for sustained growth, structural transformation and poverty reduction.

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