Publication

This paper describes how many political leaders in Africa argue that East Asia's success in economic growth and development has been due to the prowess of "picking winners" and hence investing in specifically identified future growth areas and industries. The authors however dispel the notion of "picking winners" as the foundation for economic success in East Asia. Instead the paper explains that the economically successful East Asian states have focused their attention on consistently creating competitive market environments and in investing both in industrial and social infrastructure.