Economic Development Patterns and Outcomes in Africa and Asia
Jean-Claude Maswana
MPRA Paper from University Library of Munich, Germany
Abstract:
The present paper draws heavily on the existing empirical literature and compares Asian (mainly the high-performing economies) and African economies to illuminate the patterns of economic development as they developed since the 1960s. The discussion points to strong physical and human capital accumulation as well as pro-export policies, international favorable attitude and social capital as main reasons behind the HPAEs‘ successful development. Quite the opposite, SSA have found itself trapped into economic stagnation since the mid-1970s and culminated in steadily declining living standards. The extent of the Asian–African divergence can also be found in agriculture productivity, manufacturing growth and exports. The paper concludes with distinctive patterns of the two regions development, respectively termed as a ―self-consistent development model for the HPAEs, in opposition to the Africa pattern: the ―inconsistent development model. Furthermore, the paper argues that the inference that the Africa could duplicate the East Asian experience is largely not relevant.
JEL-codes: O11 O14 O53 O55 O57 (search for similar items in EconPapers)
Date: 2006-02
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/5551/1/MPRA_paper_5551.pdf original version (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:5551
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().