Why Asia Grows and Africa Doesn't
Publication Date: March 1990
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Edward L. Hudgins; Bryan T. Johnson
Research Area: Economics
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.
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