Institutional Adjustment for Economic Growth: Small Scale Industries and Economic Transition in Asia and AfricaPer Ronnås, Örjan Sjöberg, Maud Hemlin Ashgate, 1998 - 241 pages Much of the debate on the economic performance of African LCD's has focused on informal sector activities or on the imperative to achieve structural adjustment. By highlighting instead the challenges facing two of the least successful among the African economies - Ethiopia and Tanzania, both of which share a socialist past - this book moves beyond the above issues. It argues that institutional adjustment is critical to the prospects for success in developing transition economies. As such the book investigates the transaction costs environment within which small-scale industrial activities are set. By drawing extensively on the Asian experience, (predominantly China and Vietnam but also India and Taiwan), it identifies sources of transaction costs by examining not only the transactional disadvantages of small-scale production, but also the past and present sources of institutional inefficiency. |
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activities Addis Ababa Addis Ababa University administrative African agriculture allocation areas Arusha Declaration Asian Bagachwa budget capital cent centrally planned economies China competition constraints contracts countries domestic economic development Eggertsson employment entrepreneurs environment EPRDF Eriksson Ethiopia export factors favour fiscal foreign formal framework growth Haile Selassie high transaction costs Ibid ideology import substitution income increased India industrial policy industrialisation infrastructure inputs institutions internal investment Joshi and Little Kornai labour lack land large scale liberalisation linkages macro-economic major manufacturing Mengistu Mengistu Haile Mariam ment Mulatu Wubneh nationalisation official operating organisations parastatals Party political private sector problems production programme property rights rates reducing transaction costs reforms result role Ronnås rural shortage economy small firms small scale enterprises small scale industries small scale sector social Soviet SSIS strategy Taiwan Tanzania trade transition economies urban Vietnam World Bank