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Some East Asian Lessons for African Development


<p><em>This paper critically reviews the World Bank&#39;s treatment analysis of the East Asian miracle. The Bank considers the Northeast Asian experience so extraordinary that other developing countries cannot emulate Japan, South Korea and Taiwan. Instead, the Bank claims that Southeast Asia achieved its miracle by liberalizing its economies from the mid-1980s. Instead, this paper argues that the Bank&#39;s portrayal of Southeast Asia is misleading, that Southeast Asia&#39;s achievement is considerably more modest than Northeast Asia&#39;s and that economic liberalization has often undermined the state capacities and capabilities necessary for developmental states. The paper then goes on to critically review the evidence on the adverse consequences of economic liberalization in Sub-Saharan Africa, very often due to conditionalities associated with structural adjustment programs of the World Bank and other international financial institutions. It argues that it will be crucial to enhance state capacities and capabilities for Sub-Saharan Africa to achieve more rapid economic growth and development.</em></p>

Corporate Author: 
Alemayehu Seyoum(Editor) & Ethiopian Economic Association/Ethiopian Economic Policy Research Institute
Ethiopian Economic Association (EEA)
Primary Descriptors: 

<p>Sustainable Development</p>

Secondary Descriptor: 

<p>Asia-Economic policy</p>

Geographic Descriptors: 
Asia, East
Cataloge Date: 
Broad Subject heading: 
Economic development
Call Number: 
330.963 PRO 2004
Serial Key Title: 
Proceedings of the First International Conference on the Ethiopian Economy
Publication catagory: 
Content type: 
Publication date: 
2013-05-27 00:00:00
Forum or Discussion date: 
2013-02-27 00:00:00
Place of publication: 
Addis Ababa, Ethiopia
Type of material: 
Current frequency: