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Strategies for Growth and Poverty Alleviation

image of Strategies for Growth and Poverty Alleviation

This paper was prepared in an attempt to build consensus on the factors behind East Asia’s economic success and to formulate best practice lessons for Commonwealth developing countries. The principle development issues analysed include: trade and industrial policy, growth, macroeconomic strategies, human development and poverty reduction.

English

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Executive Summary

East Asia's remarkable success has stimulated reflection about its relevance for other countries. The paper argues that these economies do not provide a “model” which can be copied: each country has followed a different path, and has also had unique initial conditions. But they do provide an example – of self-reliant development, emerging from poverty and backwardness and achieving structural transformation in a matter of three decades; and many features of their experience provide policy lessons which can be learned from and adapted to different circumstances.

English

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