Lessons for us from the East Asia ‘miracle’

Everyone looks toward East Asia for clues to fast economic growth. An export-oriented growth strategy, efficient market system, good education and infrastructure, investor-friendly policies, and even cultural traits have been identified as success factors.

However, the real lesson is perhaps found at a different level. It is useful to compare not just the successes of East Asia with Kenya’s record, but also significantly divergent experiences within East Asia.