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Economic Development Patterns and Outcomes in Africa and Asia

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  • Maswana, Jean-Claude

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.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 5551.

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Date of creation: Feb 2006
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Handle: RePEc:pra:mprapa:5551

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  1. Anke Hoeffler & Catherine A. Pattillo & Paul Collier, 1999. "Flight Capital As a Portfolio Choice," IMF Working Papers, International Monetary Fund 99/171, International Monetary Fund.
  2. Fischer, Stanley, 1993. "The role of macroeconomic factors in growth," Journal of Monetary Economics, Elsevier, Elsevier, vol. 32(3), pages 485-512, December.
  3. Paul Collier & Jan Willem Gunning, 1999. "Why Has Africa Grown Slowly?," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 13(3), pages 3-22, Summer.
  4. Wood, Adrian & Mayer, Jorg, 2001. "Africa's Export Structure in a Comparative Perspective," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 25(3), pages 369-94, May.
  5. Francis Teal, 1999. "Why Can Mauritius Export Manufactures and Ghana Not?," The World Economy, Wiley Blackwell, Wiley Blackwell, vol. 22(7), pages 981-993, 09.
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