Can Sub-Saharan Africa Learn from the Experiences of East Asian and Latin American Newly Industrialized Countries (NICs)?

The spectacular development experience of East Asia newly industrializing countries (EANICs) and Latin American NICs (LANICs) is compared. Growth in EANICs was driven by non-dogmatic, export oriented policy based on adequate understanding of factor intensity. Export orientation came late in LANICs; was denied the course of comparative advantage; and also suffered from deficient leverage the state had enacting policies. Sub-Saharan Africa (SSA) is a total contrast to NICs in terms of development orientation and policy. Economic liberalization and stabilization promoted in the right sequence is considered key to success. This however needs a radical redefinition of the SSA state itself.


Keywords:
Editor(s):
Getachew, Yoseph
Gashaw, Dagnew
Kibre, Moges
Sentayehu, Tefera
Shiferaw, Jamo
Yusuf, Abdulahi
Issue Date:
1994
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/251894
Published in:
Ethiopian Journal of Economics
Volume 03
Number 1
Page range:
69-86
Total Pages:
90
Series Statement:
ETHIOPIAN JOURNAL OF ECONOMICS
Volume III Number 1; April 1994




 Record created 2017-04-01, last modified 2017-08-29

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