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Part Five - Some Successful Experiences of Economic Policy in Africa and Beyond

Published online by Cambridge University Press:  05 October 2014

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Summary

After outlining throughout the previous chapters what seems to be the broad outlines of an economic policy capable of leading Africa toward economic development and social progress, a dream it has nursed for close to half a century, I will, in this fifth and last part of the book, examine some examples of what I can qualify as a successful economic policy. Here, I am interested in some cases of countries which recently experienced a remarkable economic development and to see which overall approach they followed to elaborate and implement their economic policy, and which orientations they gave their economic policy. This type of exercise is not new. Literature abounds with studies which attempt at drawing the attention of developing countries to the experiences of those among them which have experienced rapid development which took them close to the levels of developed countries. However, as shown throughout this book, these studies are more prominent through the exaggerated simplicity of their conclusions, generally of the type “Let's liberalize trade and maintain macroeconomic stability” than through the richness of teachings that they contain about the fundamental orientations that economic policy officials should really give their everyday actions, so that they may produce, in all economic agents, the catalyst effect they are waiting for that will have them adopt the production and demand behaviors necessary for economic growth and job creation.

Type
Chapter
Information
Africa and Economic Policy
Speculation and Risk Management on the Fringes of Empire
, pp. 237 - 238
Publisher: Anthem Press
Print publication year: 2014

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