Institutional Adjustment for Economic Growth: Small Scale Industries and Economic Transition in Asia and Africa - Hardcover

Ronnas, Per; Sjöberg, Örjan

Hardcover

ISBN 10: 1840143622 ISBN 13: 9781840143621

Publisher: Routledge, 1998

Synopsis

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.

About this title

Synopsis

Highlighting the challenges facing two of the least successful among the African economies - Ethiopia and Tanzania, both of which share a socialist past - this book 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 past and present sources of institutional inefficiency.

Edition details

• Publisher: Routledge
• Publication date: 1998
• Language: English
• ISBN 10: 1840143622
• ISBN 13: 9781840143621
• Binding: Hardcover
• Edition number: 1
• Number of pages: 250