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Why Asia Grows and Africa Doesn't

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Publication Date: March 1990

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Edward L. Hudgins; Bryan T. Johnson

Topic: Economics (Economic policy, planning, and development)

Keywords: Asia and the Pacific

Type: Report

Abstract:

The lessons taught by the Asian success can be learned by Africans: Individuals must be free to pursue their own economic good in the free market, to have secure private property, to freely trade with their fellow citizens, and to benefit directly from their own economic activities. Only when individuals have positive economic incentives to produce will the productivity of a country rise.