18 December 2011

Lion Economies ~ Key East African Advantages...

In a recent piece in The East African, Dimitri Stoelinga and Sachin Gathani assert that Lion economies of Kenya, Uganda and Tanzania will grow fastest in the world citing work on Economic Complexity by Harvard and MIT colleagues...
"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..."

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