Export Promotion as a De omotion as a Development Str elopment Strategy: E ategy: Evidence fr vidence from Selected Southeast Asian Countries and Lessons for Ghana
Export Promotion as a De omotion as a Development Str elopment Strategy: E ategy: Evidence fr vidence from Selected Southeast Asian Countries and Lessons for Ghana
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Date
2021
Authors
Newman, Ohenewaa Boateng
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Publisher
Journal for the Advancement of Developing Economies
Abstract
Developing countries have adopted various development strategies such as import substitution
industrialization (ISI) and export promotion strategies. For Latin-American and developing
countries, some level of economic growth was experienced using ISI after the Second World War.
However, these countries could not attain the needed economic growth, technological
advancement or guarantee food security with the adoption of ISI. It led to unequal income
distribution, less internal competition, and distortions of their economy, among others. The rise of
export promotion strategies in the 1970s was evidenced by an impressive economic growth and a
decline in poverty in jurisdictions like Taiwan, Tanzania and among the Asian Tigers. The aim of
this paper is to analyze the rationale behind the adoption of export promotion strategy vis-à-vis
its application, successes, and failures in some selected Southeast Asian Countries. Furthermore,
the world is currently faced with COVID-19 pandemic, a dire health crisis having economic
implications across the globe. This crisis has triggered countries including selected Southeast
Asian economies to develop new strategies. Using literature, this paper argues that Ghana can
improve its export promotion strategy by drawing lessons from these Southeast Asian countries
pre and during the COVID-19 era
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Citation
Newman, O. B. (2021). Export Promotion as a Development Strategy: Evidence from Selected Southeast Asian Countries and Lessons for Ghana.