Rwanda is experiencing its best growth performance since independence, accompanied by heralded progress in reducing poverty. However, the stylized facts show that recent growth was led by nontradable services and that the public sector dominates investment, which is primarily financed by foreign...

Growth has accelerated in a wide range of developing countries over the last couple of decades, resulting in an extraordinary period of convergence with the advanced economies. We analyze this experience from the lens of structural change – the reallocation of labor from low- to...