 Lessons for Africa from East Asian Economic PolicyChapter 3 in Africa and Asia in Comparative Economic Perspective, 2001, pp 34-48 from Palgrave Macmillan Abstract: Abstract The aim of this essay is in principle a simple one: to identify the reasons underlying the success (from the 1960s to 1997 at least) of the East Asian economies and derive any lessons for economic policy in sub-Saharan African (SSA) economies. The 1997–98 crisis notwithstanding, for some thirty years many East Asian economies enjoyed unprecedented economic growth rates. An understanding of the reasons for this can help inform economic policy recommendations for other developing countries. Furthermore, the reasons underlying the crisis also offer lessons, in particular regarding exchange rate and financial sector policies. Economic policy in developing countries can benefit from greater understanding of the successes and failures of the East Asian countries. We do not argue that African countries should emulate or copy the Asian economies. Rather, we ask what can African economies learn (or what can we learn, from the Asian experience, about prospects for African economies)? Keywords: Trade Liberalisation; Industrial Policy; East Asian Country; Total Factor Productivity Growth; Land Reform (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-0540-6_3 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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