Ghanaian leaders and others from emerging economies have not done well to ensure economic growth benefits citizens, that is according to eminent economists and policy makers who are at a two-day conference in London.
The conference is put together by the London School of Economics and International Growth Centre, a Nongovernmental Organisation (NGO).
Director of International Growth Center and Professor of Economics at the London School of Economics, Professor Robin Burges, said the conference will be looking at ways emerging economies can draw lessons from their peers in terms of promoting sustainable growth and demand-led policy based on research.
Parliamentary Under Secretary of State for International Development Rt. Honourable Lynne Feathers promised that the UK government is working to increase their support for developing countries to enhance economic growth.
There would also be special sessions on management of natural resources in Ghana and the impact of Chinese investments in small scale mining in Ghana.
The International Growth Center combines a global network of world-leading researchers with a set of in country teams committed to sustained, high level policy environment.
Established in 2008 with funding by the UK government’s Department for International Development (DFID), the International Growth Centre (IGC) aims to promote sustainable growth in developing countries by providing demand-led policy advice based on frontier research.
Through a distinctly collaborative and cross-national approach to research and policy influence, the IGC has developed an innovative model that focuses on developing an effective state, fostering private sector enterprise, enabling functioning cities and promoting access to energy – with the underlying aim of driving up living standards and lifting people out of poverty.
Based in the London School of Economics and Political Science in partnership with the University of Oxford, the IGC directs a global network of over 1,000 world-leading researchers and 15 in-country teams in 14 states throughout Africa and South Asia.
The IGC works closely with partner governments to generate high quality research and policy advice on key growth challenges.
Originally, these challenges were grouped under 10 research programes which ranged from agriculture to political economy.
By linking policymakers with world-leading researchers and in-country teams, the research the IGC conducted from 2008-2013 (Phase I) profoundly influenced growth policy debates at the country and global levels.