Tiger, Tiger, Burning Bright? Industrial Policy Lessons From Ireland And East Asia For Small African Economies
Source: University of Cambridge
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 they 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.