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Searching for a development paradigm in Ghana: Can the ‘Beijing Consensus’ provide an Anchor?

Author

Listed:
  • shmael K. HLOVOR

    (Wisconsin International University College, Ghana)

  • Yussif SHAIBU

    (Ghana Institute of Journalism, Ghana)

Abstract

Since independence, Ghana has implemented many development paradigms, from big-push state-led industrialization to neoliberal market-oriented policies. However, the goal of industrialization has eluded the country. In recent years, new home-grown policy initiatives are beginning to replace neoliberal prescribed policies of Western donors and financial institutions. This study explores these new innovations focusing on the One District One Factory initiative. We make the case that the policy is an innovative thinking on industrialisation and may reflect a realignment of Ghana’s development paradigm with the Beijing Consensus after many years of being taunted as a success story of IMF-World Bank neoliberal reform programmes

Suggested Citation

  • shmael K. HLOVOR & Yussif SHAIBU, 2019. "Searching for a development paradigm in Ghana: Can the ‘Beijing Consensus’ provide an Anchor?," Journal of Economics and Political Economy, EconSciences Journals, vol. 6(1), pages 39-57, March.
    • Handle: RePEc:cvv:journ1:v:6:y:2019:i:1:p:39-57
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    References listed on IDEAS

    as
    1. Peter Quartey, 2005. "Innovative ways of making aid effective in Ghana: tied aid versus direct budgetary support," Journal of International Development, John Wiley & Sons, Ltd., vol. 17(8), pages 1077-1092.
    2. Efem N. Ubi, 2014. "Foreign Aid and Development in Sino-African Relations," Journal of Developing Societies, , vol. 30(3), pages 243-272, September.
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    JEL classification:

    • O29 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Other
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other

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