Multimedia: Webcast |
The days of Washington Consensus, which imposed fast liberalization, privatization, and integration on developing countries, are over. Many governments and regional organizations in Africa, Latin America, and elsewhere now show great interest in learning to implement effective industrial policies. They agree that the public sector has an important role to play in supporting private sector dynamism. What is needed for these converts is not a theoretical justification of government intervention but practical and detailed guidance on how to design and implement policies successfully.
Learning from East Asia does not mean copying what some East Asian countries did to Africa or elsewhere without local context. It should be about the mindset and methodology for formulating good policies. This includes expertise in policy drafting, inter-ministerial coordination, public-private partnership, etc. Constant policy learning, backed by collection and comparative analysis of international experiences, is required. Foreigners can support this effort by engaging in policy dialogue and offering concrete industrial projects.
GRIPS, in collaboration with the Japan International Cooperation Agency, is conducting a quarterly policy dialogue with the Ethiopian government which has spawned some projects (kaizen, metal industries, etc.). Our workingÂ experience with African governments and organizations will be shared. Difference between our approach and scholars such as J. Stiglitz and D. Rodrik will be explained.
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Prof Kenichi Ohno, Professor, National Graduate Institute for Policy Studies (GRIPS)
- Monday, 30 August 2010
- 5.15 p.m. - 6.30 p.m.
Seminar Room 3-1
Level 3, Manasseh Meyer
Lee Kuan Yew School of Public Policy
469C Bukit Timah Road