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Tiger, tiger, burning bright? Industrial policy lessons from Ireland and East Asia for small African economies.
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posted on 2013-06-07, 13:20 authored by David Bailey, HELENA LENIHANHELENA LENIHAN, Ajit SinghWhen comparisons in terms of industrial policy lessons to be learned have taken
place, it has tended to be solely vis-a-vis the ‘development state’ East Asian
experience. This paper broadens the analysis and considers lessons which
African countries can learn fro other so-called ‘tiger’ economies including
Ireland and the East and South Asian countries. The Irish model is relevant not
least because of its emphasis on corporatism rather than simply relying on state
direction in the operation of industrial policy. The Irish model is also more
democratic in some senses and has protected workers’ rights during the
development process. Overall we suggest that some immediate actions are
needed, notably with regard to the financial system in small African economies.
Without such changes, a poorly functioning financial system will continue to
keep investment at low levels. In relation to the small size of the African
economies, the paper recommends regional integration and sufficient overseas
development assistance (ODA) for infrastructural development.
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University of Cambridge Working Paper Series: December No. 374Publisher
Centre for Business Research at Judge Business School, University of CambridgeNote
peer-reviewedLanguage
EnglishUsage metrics
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