Asian Growth and African Development
نویسندگان
چکیده
Since World War II, integration with the world economy has arguably been the chief route from poverty to wealth. Japan initially exported cheap goods and later moved on to more technologically sophisticated products. When Japan became rich, Korea, Taiwan Province of China, Hong Kong SAR and Singapore replaced Japan as low wage exporters, and when these countries moved on to more sophisticated products, Thailand and Malaysia filled their niche. More recently, China has become an important exporter of manufactured goods and India is increasingly moving into services exports. No mainland sub-Saharan African country has experienced this type of transformation. Governance clearly has played a role, but even countries like Ghana that have undergone major economic reforms seem far from such a takeoff. Forecasts for Africa based on extrapolation of its historical experience tend to be bleak. We consider whether it is possible to construct a more optimistic long-run view. Motivated by the Asian experience, we consider a model in which countries can potentially undergo rapid economic transformation, but only if they integrate into the world economy by producing non-traditional exports for advanced economies. We take
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تاریخ انتشار 2005