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Economic Trends and Public Policy in East Asia: Implications for the African Region

Tanzania Journal of Development Studies

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Title Economic Trends and Public Policy in East Asia: Implications for the African Region
 
Creator Mwaigomole, EA
 
Description This paper is about economic trends and public policy in selected East Asian countries of Japan, South Korea and Taiwan. It points out that in the early phase of economic development, the three countries intervened in their economies in order to establish sectoral priorities and mobilize resources to hasten economic growth. The intervention did not imply dirigist planning system, but simply meant mapping out a general field where market forces could play. The paper uses import substitution industrialization strategy as a typical example. The implementation was brief after which these countries switched over to intermediate and capital goods manufacturing industries with export drive of locally manufactured commodities. The paper concludes that many developing countries, including African countries, adopted the strategy but its implementation was outstretched, leading to disappointing effects.
 
Publisher Educational Publishers and Distributors
 
Contributor —
 
Date 2015-07-21
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.ajol.info/index.php/tjds/article/view/119674
 
Source Tanzania Journal of Development Studies; Vol 12, No 1 (2012); 79-100
0856-9622
0856-9622
 
Language eng
 
Relation https://www.ajol.info/index.php/tjds/article/view/119674/109134
 
Rights Copyright is owned by the sister institutes: IDS, University of Dar es Salaam, DSI, Sokoine University of Agriculture and Department of Development studies, Muhimbili University of Health and Allied Sciences.