Advanced Development Management Program (ADMP)


Search For More Viable Policies

Objectives: Until the Asian financial crisis hit in 1997, Southeast Asian countries were miraculously developing their economies along with other high performing economies of Asia. In contrast, African nations, especially Sub-Saharan African countries, suffered from decades of steadily declining GDP growth rates, the consequence of both domestic problems and global marginalization. African nations suffer from serious socio-politico-economic problems, making the implementation of effective developmental policies highly difficult. Despite donor-supported structural adjustment programs, deregulation, and liberalization with increased attempts to be integrated in a global economy, these nations' growth performance remains still too weak to generate sustainable development. Instead, they are marginalized in the globalization trend, failing to increase exports and attract foreign direct and portfolio investments. Consequently, they continuously suffer from balance of payment and debt problems, capital flight, poverty, and health and nutritional deficiency. Given these problems, institutional development remains to be the crucial means for achieving developmental goals, especially when these nations find globalization of little help. Obviously the potential for development is there for their own benefits and the benefit of the world at large. Are there policies more suitable to the African institutional context to generate economic development and solve pressing developmental problems? Are there more viable policies to build up local capability? Is there sense in continuing to rely heavily on official development aid with very weak local capital formation and ineffective capability building attempts?

The eighth Advanced Development Management Program (ADMP) discusses socio-politico-economic issues, global marginalization, and development strategies, especially focusing on Sub-Saharan Africa. And it searches for more viable policies for proper development in Africa.