Prioritization of Policies: A Prototype Model of a Flowchart Method

Kuchiki Akifumi

No 10, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: This paper builds a prototype model of how to prioritize policies by using a flowchart. We presented the following six steps to decide priorities of policies: Step 1 is to attain the social subsistence level (primary education, health care, and food sufficiency); Step 2 is to attain macroeconomic stability; Step 3 is to liberalize the economy by structural adjustment programs; Step 4 is capacity building specific to a growth strategy by facilitating sufficient infrastructure (physical infrastructure and institutions); Step 5 is to initiate a growth strategy; and Step 6 is to narrow income inequalities. We illustrated the effectiveness of our "flowchart method" in case studies of Morocco, Laos, Vietnam, and China. The first priority of reforms in Morocco was given to social sectors of primary education and health care, particularly in the rural areas at Step 1. Laos should not put much emphasis on growth strategy before educational reform, attainment of macroeconomic stability, and institutional capacity building at Steps 1, 2, and 3. Vietnam can focus on reforming the state-run enterprises and developing the stock markets at Step 5 of growth strategies. We found that we should apply our flowchart method to China not nation-wide but province-wide.

Keywords: Prioritization; Flowchart; Policies; Economic policy; Economic planning; Development policy; Morocco; Laos; Vietnam; China; 経済政策; 経済計画; 開発政策; モロッコ; ラオス; ベトナム; 中国 (search for similar items in EconPapers)
JEL-codes: O21 P41 (search for similar items in EconPapers)
Date: 2004-09-01
New Economics Papers: this item is included in nep-ppm and nep-sea
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Published in IDE Discussion Paper = IDE Discussion Paper, No. 10. 2004-09-01

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