Rwandan Economy at the Crossroads of Development: Key Macroeconomic and Microeconomic Perspectives

This book provides a comprehensive collection of research studies from an international conference in Rwanda, focusing on macroeconomic policies and strategies for development in a less developed economy. The chapters are organized under three major themes, covering topics such as savings, capital formation, human capital, innovation, entrepreneurship, profit-shifting by multinational corporations, SMEs, and firms' strategies for sustained and balanced growth. The studies offer insights into factors influencing well-being through better technologies and innovations, firm performance, and their positive externalities in the food, nutrition, and health sectors. The book provides valuable insights for policy interventions necessary for Rwanda's gradual transition from agriculture to an industrial transformation via manufacturing and service-led development.

Format: Paperback / softback
Length: 263 pages
Publication date: 02 July 2021
Publisher: Springer Verlag, Singapore

This comprehensive volume presents a rich tapestry of research studies stemming from an international conference held in Kigali, Rwanda, in 2018. The essays encompass insightful contributions on diverse microeconomic and macroeconomic policy perspectives, essential for a less developed economy to embark on a path toward recovery and convergence with the desired trajectory. The topics span a broad spectrum, encompassing critical issues such as the role of savings, capital formation, human capital, innovations, entrepreneurship, profit-shifting by multinational corporations, small and medium enterprises (SMEs), and firms' strategies for achieving sustainable and balanced growth. The chapters are thoughtfully structured under three major themes: Macroeconomic Constraints: Monetary Policy, Investments, and Population; Firms Performance, SMEs, and the Role of Entrepreneurship; and Entrepreneurship and Business Performance: Strategies and Policies.

The book boasts a collection of 12 empirical studies, each with a primary focus on macroeconomic policies, including but not limited to:

Savings among the rural poor: Understanding the challenges and opportunities for financial inclusion among this marginalized segment.

Sustained investments in and development of capital markets: Exploring strategies to promote capital formation, facilitate economic growth, and enhance financial stability.

The role of entrepreneurial sustainability: Analyzing the factors that contribute to the long-term viability and success of entrepreneurial ventures.

The role of innovations for firms' performance: Investigating how technological advancements and innovative practices can enhance firm productivity, competitiveness, and overall performance.

Healthcare reforms: Examining the impact of healthcare policies and reforms on healthcare accessibility, quality, and efficiency.

The benefits of technology: Exploring how technology adoption can drive economic growth, improve productivity, and transform various industries.

Policy incentives such as tax benefits for promoting growth: Analyzing the effectiveness of fiscal policies in stimulating economic development and promoting investment.

Strategic considerations such as marketing or positioning strategies: Discussing how firms can develop effective marketing strategies to attract customers, differentiate themselves from competitors, and achieve sustainable growth.

Export strategies: Investigating the challenges and opportunities associated with exporting goods and services, as well as the strategies employed by firms to navigate international markets.

Productivity enhancement via processing and profit sharing: Exploring innovative approaches to improve productivity and efficiency in manufacturing and service industries through processing and profit-sharing mechanisms.

With contributions from 27 esteemed authors, this volume offers invaluable insights into the factors that contribute to well-being through the adoption of better technologies and innovations, fostering productivity, firm performance, and their positive externalities in the food, nutrition, and health sectors.

The breadth of coverage in this book underscores the significance of macroeconomic policies and their impact on the development and prosperity of nations. By examining these critical topics, the authors provide valuable guidance and recommendations for policymakers, entrepreneurs, and stakeholders seeking to foster economic growth, promote inclusive development, and address the challenges facing less developed economies.

Weight: 450g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811550485
Edition number: 1st ed. 2020