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Lessons for African economies from Irish and East Asian industrial policy

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Show simple item record Bailey, David Lenihan, Helena Singh, Ajit 2017-03-01T12:23:09Z 2017-03-01T12:23:09Z 2009
dc.description peer-reviewed en_US
dc.description.abstract When 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 from other so-called ‘tiger’ economies including Ireland and the East and South Asian countries. We recognise that the latter are indeed clearly significant as many African countries at the time of independence had economic structures and levels of income quite similar to East Asian countries, yet have grown at vastly different rates since then. Exploring why this has been the case can thus offer important insights into possibilities for industrial policy. Yet this comes with some health warnings over East Asian experience. We suggest that another important contribution can come by looking at the Irish example, given 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 in contrast to the often highly dirigisite East Asian model. 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. It is also critical to note that the various small African economies each face their own industrial and economic development challenges, and that a ‘one size fits all’ approach is not appropriate; rather the key is to tailor policies and systems to the unique opportunities and development challenges in each African country. en_US
dc.language.iso eng en_US
dc.publisher Springer en_US
dc.rights The original publication is available at en_US
dc.subject industrial Policy en_US
dc.subject Ireland en_US
dc.subject East Aisa en_US
dc.subject economic development en_US
dc.subject FDI en_US
dc.subject small firms en_US
dc.title Lessons for African economies from Irish and East Asian industrial policy en_US
dc.type info:eu-repo/semantics/article en_US
dc.type.supercollection all_ul_research en_US
dc.type.supercollection ul_published_reviewed en_US 2017-03-01T12:15:36Z
dc.description.version ACCEPTED
dc.identifier.doi 10.1007/s10842-009-0049-2
dc.rights.accessrights info:eu-repo/semantics/openAccess en_US
dc.internal.rssid 1130631
dc.internal.copyrightchecked Yes
dc.identifier.journaltitle Journal Of Industry, Competition And Trade
dc.description.status peer-reviewed

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