The Role Of Trade Policy For The Development Of Ghana's Economy In Comparison With That Of The Republic Korea: The Case Of Export Led Growth Strategy
- 발행기관 아주대학교
- 발행년도 2005
- 학위수여년월 2005. 8
- 학위명 석사
- 학과 및 전공 국제대학원 국제경영학과
- 본문언어 영어
초록/요약
Ghana under the Ministry of trade and industry has since independence in 1957 seen many trade regimes before arriving at the current liberalized trade and investment regime. This is the result of economic policies Ghana has pursued since independence. Ghana's first President Dr. Kwame Nkrumah influenced the rest of the African continent with his theories of Pan-African socialism. For Ghana this meant high tariffs on many import, an import substitution policy aimed at fostering Ghana into self-sufficiency in certain manufactured goods and policies that discouraged Ghana's enterprises from exporting. The results were an unmitigated disaster that transformed one of Africa's most prosperous and budding nations into one of the world？s poorest. The Republic of Korea unlike Ghana focused on export-led growth strategy, which was the primary reason for the economic success of Korean economy. Korea's unprecedented record of economic growth started in the early 1960s when government policy shifted away from import substitution towards export orientation. Korea was mainly concerned with economic growth and not equity, the industry oriented strategy due to the lack of resources and outward approach. In sum, Korea imported raw material and then embarked upon massive exportation of manufactured goods that shot up her economy into a greater height to become a major world economic player as far as export -led growth development is concerned.
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Adviser signature page -----------------------------------------------------------------I
Acknowledgment -----------------------------------------------------------------------II
Dedication ------------------------------------------------------------------------------III
List of tables --------------------------------------------------------------------------- IV
Abstract ----------------------------------------------------------------------------------V
Table of contents ----------------------------------------------------------------VI-VII
Chapter 1: Introduction ------------------------------------------------------------1-8
1.1 Background of the study -------------------------------------------------------1-2
1.2 Statement of problem -----------------------------------------------------------3-5
1.3 Aims and objectives ------------------------------------------------------------ 6-7
1.4 Structure of the study/organization --------------------------------------------7
1.5 Limitation of study -----------------------------------------------------------------8
Chapter 2: The evolution of development strategies in Ghana and trade
policy since independence coupled with present economic situation ---- -----------------------------------------------------------------------------------------------9-22
2.1 Ghanaian development policy 1964-1996 --------------------------------10-13
2.2 Ghanaian development policy 1996-present ----------------------------14-19
2.3 Economic structure --------------------------------------------------------------20
2.4 2001 Sector development -------------------------------------------------------21
2.5 Economic indicators -------------------------------------------------------------22
Chapter 3: Literature review --------------------------------------------------23-32
VI
Chapter 4: Primary ？Export growth: the evidence of Ghana -----------33-34
4.1 The composition and role of the export sector in the Ghanaian economy
---------------------------------------------------------------------------------------------34
4.2 Linkages ------------------------------------------------------------------------35-36
4.3 Export policies --------------------------------------------------------------------37
4.4 Ghana？s comparative advantage in primary export ------------------38-42
Chapter 5: An overview of Korean economic development with emphasis on an Export led growth policy -----------------------------------43-54
5.1 Export orientation ----------------------------------------------------------------45
5.2 Growth of exports industries in the 1960s --------------------------------45-48
5.3 Development of heavy and chemical industry in the 1970s ----------49-51
5.4 Structural adjustment and growth ----------------------------------------52-54
Chapter 6: Comparison of data: Ghana and South Korea ---------------55-66
Chapter 7: Conclusions---------------------------------------------------------- 67-69
Appendix I ------------------------------------------------------------------------------70
Appendix II -----------------------------------------------------------------------------71
Appendix III----------------------------------------------------------------------------72
Appendix IV----------------------------------------------------------------------------73
Appendix V------------------------------------------------------------------------------74
Appendix VI----------------------------------------------------------------------------75
Appendix VII---------------------------------------------------------------------------76
Appendix VIII--------------------------------------------------------------------------77
References --------------------------------------------------------------------------78-80
