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The Analysis of Export Performance of Newly Industrialized Countries (NICs): The Lesson for African Countries

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  • Yusuf, Sulaimon Aremu

Abstract

This paper used quantitative analysis with the help of pure descriptive statistics to examine the export performance of Newly Industrialized Countries; the lesson for African countries. The researcher selected Four NICs and Four African countries based on the data availability from the World Bank Development Index (2012). The NICs considered for the study are; China, India, Brazil and South Africa. While Ivory Coast, Gabon, Egypt and Kenya were selected in Africa based on data availability and geographical representation. The study reveals that the same peculiar hindrances factors that are obstacles to African countries’ export performance and economic success in the long run also applies to NICs but they were able to overcome it and drag themselves out of the poverty net. The necessary policy prescriptions were recommended by the researcher to the African countries to move near the end of “catch up " phase in order to achieve the impressive export performance that will lead to sustainable growth and development.

Suggested Citation

  • Yusuf, Sulaimon Aremu, 2014. "The Analysis of Export Performance of Newly Industrialized Countries (NICs): The Lesson for African Countries," MPRA Paper 55110, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:55110
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    References listed on IDEAS

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    1. Bilge Erten, 2010. "Industrial Upgrading and Export Diversification: A Comparative Analysis of Economic Policies in Turkey and Malaysia," Working Papers id:2778, eSocialSciences.
    2. Hermes, Niels, 1997. "New explanations of the economic success of East Asia : lessons for developing and Eastern European countries," CDS Research Reports 199703, University of Groningen, Centre for Development Studies (CDS).
    3. Funke, Michael & Ruhwedel, Ralf, 2001. "Export variety and export performance: empirical evidence from East Asia," Journal of Asian Economics, Elsevier, vol. 12(4), pages 493-505.
    4. Martin Srholec, 2007. "High-Tech Exports from Developing Countries: A Symptom of Technology Spurts or Statistical Illusion?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 143(2), pages 227-255, July.
    5. repec:dgr:rugcds:199703 is not listed on IDEAS
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    More about this item

    Keywords

    Export performance; Economic Growth;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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