"Hausmann and Hidalgo’s research reveals that -- just like China and Taiwan 25 years ago -- East Africa’s productive structure has the potential to quickly diversify and increasingly move towards more sophisticated products, thereby stimulating growth. Also, just like China and Taiwan, East African countries are not really “poor” from a capabilities perspective. 25 years ago China and Taiwan already had the capabilities to develop the diverse range of products that they produce today; it is in large part these same capabilities that have led them to their current income levels. It’s just that 25 years ago, “the cheque was in the mail.” East African countries have a similar potential today..."
Struggling with a Moral Panic Once Again
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