The Asian Newly Industrialized Economies: A Universal Model of Action

Schmiegelow, Michèle

doi:10.4000/civilisations.1682

Cited by 2 publications

(1 citation statement)

References 7 publications

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“…They include some level of security, significant sufficiency in agricultural productivity, adequate fuel and raw materials supply, effective transport and communication system, adequate human capital, stable and supportive financial services sector, consistency in government policy and effective and functioning government institutions. Others are internal demand and economic openness (Schmiegelow, 1992).…”

Section: Introductionmentioning

confidence: 99%

Industrialization in the Face of Recession: The Nigerian Experience

Odey

2018

ASSRJ

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Industrialization, it is believed comes with some level of improvement in the standard of living, since it tends to make more readily available social amenities and infrastructure through which the ever-changing needs and challenges of the society are addressed. There are factors necessary for appreciable rate of industrialization to be achieved including some level of security, significant sufficiency in agricultural productivity, adequate fuel and raw materials supply, effective transport and communication system, adequate human capital, stable and supportive financial services sector, consistency in government policy and effective and functioning government institutions. Economic recession which is seen as a widespread and consistent reduction in productive activity, over a number of months resulting in a fall in gross domestic product and income per capita as well as increased unemployment levels and a general shrinking of the economy comes with the absence of one of the most vital requirements for industrialization, namely increased cash injection for investing in capital projects and industrial development. Successive Nigerian government administrations have paid lip service to industrial development and the current recession makes industrialization more challenging especially because of high inflation, dwindling purchasing power and general shrinking of the economy. Some the most critical challenges are hardly available power supply, corruption, unfavourable exchange rates and highly porous borders. It is recommended that government finds the political will and courage to resolve the identified challenges towards returning Nigeria to the path of industrial development.

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Section: Introductionmentioning

confidence: 99%

Industrialization in the Face of Recession: The Nigerian Experience

Odey

2018

ASSRJ

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Building a Democratic Developmental State in Post-Colonial Africa: South Africa at the Glance

Mamogale

2020

Afr. Rev.

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Failures of neo-liberalism in Africa through Structural Adjustment Program in the 1980s and 1990s compelled many post-colonial African states to seek alternative growth models to transform and grow their economies. Inspired by the economic success of Asian region, South Africa seeks to replicate the Asian developmental model to transform and industrialise its economy. Reviewing only the literature, the paper found that despite displaying so many similarities with East and South Asian developmental states, the rhetoric for the replication of the Asian developmental state model in South Africa works like a pendulum thus adopting a topsy-turvy approach. The notion of a developmental state is elevated through policy pronouncement and government commitments through the medium term and long-term strategic frameworks for the country. Despite displaying so many similarities with Asian developmental states, affixing the label of a developmental state onto the country by South Africans themselves is not going to make it one.

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The Asian Newly Industrialized Economies: A Universal Model of Action

Cited by 2 publications

References 7 publications

Industrialization in the Face of Recession: The Nigerian Experience

Industrialization in the Face of Recession: The Nigerian Experience

Building a Democratic Developmental State in Post-Colonial Africa: South Africa at the Glance

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