Skip to main content
SpringerLink
Log in
Book cover

The Economy of Ghana pp 409–416Cite as

Palgrave Macmillan

The Way Forward

  • Chapter
  • First Online:

  • 1026 Accesses

Abstract

From the time of its independence in 1957, Ghana’s economic development has attracted serious attention from many economic researchers. The most prominent of these was probably the Nobel Laureate Arthur Lewis. In 1953, Lewis prepared for the British Colonial Office a very influential ‘template’ for industrialisation policy in sub-Saharan Africa. This document was also published by the colonial government of what was then the Gold Coast (Lewis, 1953). In 1957 Lewis was appointed economic advisor to the newly independent government of Ghana. As a strong proponent of sound and rapid economic development, Lewis’s imprint was to be found on many, but not all, economic policies; he was closely involved in the preparation of the Five-Year Development Plan 1959–1964 (Government of Ghana, 1959).

This is a preview of subscription content, log in via an institution.

Bibliography

  • Ackah, C., & Aryeetey, E. (Eds.). (2012). Globalization, Trade and Poverty in Ghana. Accra-Legon: Sub-Saharan Publishers (for the IDRC).

    Google Scholar 

  • Amsden, A. H. (1989). Asia’s Next Giant: South Korea and Late Industrialisation. New York: Oxford University Press.

    Google Scholar 

  • Appiah-Adu, K., & Bawumia, M. (2015). Key Determinants of National Development: Historical Perspectives and Implications for Developing Economies. London: Routledge.

    Google Scholar 

  • Aryeetey, E., Harrigan, J., & Nissanke, M. (Eds.). (2000). Economic Reforms in Ghana: The Miracle and the Mirage. Oxford: James Currey.

    Google Scholar 

  • Aryeetey, E., & Kanbur, R. (Eds.). (2008). Economy of Ghana: Analytical Perspectives on Stability, Growth and Poverty. Oxford: James Currey.

    Google Scholar 

  • Aryeetey, E., & Kanbur, R. (Eds.). (2017). The Economy of Ghana Sixty Years After Independence. Oxford: Oxford University Press.

    Google Scholar 

  • Baldwin, R. E. (2003). Openness and Growth: What’s the Empirical Relationship. NBER Working Paper No. 9578. Cambridge, MA: National Bureau of Economic Research.

    Google Scholar 

  • Birmingham, W., Neustadt, I., & Omaboe, E. N. (Eds.). (1966). A Study of Contemporary Ghana: Volume 1—The Economy of Ghana. London: Allen and Unwin.

    Google Scholar 

  • Cross, R., & Strachan, D. (2001). Three Pillars of Conventional Wisdom. Review of Political Economy, 13(2), 181–200.

    Article  Google Scholar 

  • GoG. (1959). A Second Development Plan 1959–1964. Accra: Office of the Planning Commission.

    Google Scholar 

  • Huq, M. M. (1989). The Economy of Ghana: The First 25 Years Since Independence. London: Macmillan.

    Book  Google Scholar 

  • Huq, M. M., & Tribe, M. (2004). Economic Development in a Changing Globalized Economy. Journal of International Development, 16(7), 911–924.

    Article  Google Scholar 

  • Killick, T. (2010). Development Economics in Action: A Study of Economic Policies in Ghana (2nd ed.). London: Routledge.

    Google Scholar 

  • Killick, T. (1978). Development Economics in Action: A Study of Economic Policies in Ghana. London: Heinemann.

    Google Scholar 

  • Klein, M. W. (2003). Capital Account Openness and the Varieties of Growth Experience. NBER Working Paper 9500. Cambridge, MA: National Bureau of Economic Research.

    Google Scholar 

  • Lall, S. (1995). Structural Adjustment and African Industry. World Development, 23(12), 2019–2031.

    Google Scholar 

  • Lall, S. (1996). Learning from the Asian Tigers: Studies in Technology and Industrial Policy. Basingstoke: Palgrave Macmillan.

    Book  Google Scholar 

  • Lall, S., & Stewart, F. (1996). Trade and Industrial Policy in Africa. In B. J. Ndulu & N. van de Walle (Eds.), Agenda for Africa’s Economic Renewal. New Brunswick: Transaction Publishers.

    Google Scholar 

  • Lewis, W. A. (1953). Report on Industrialisation and the Gold Coast. Accra: Government Printing Department.

    Google Scholar 

  • Omaboe, E. N. (1969). Development in the Ghanaian Economy Between 1960 and 1968. Accra: Ghana Publishing Corporation.

    Google Scholar 

  • Soros, G. (2002). George Soros on Globalisation. New York: Public Affairs.

    Google Scholar 

  • Stiglitz, J. (2002). Globalization and Its Discontents. London: Allen Lane.

    Google Scholar 

  • Wade, R. (1990). Governing the Market: Economic Theory and the Role of Government in East Asian Industrialisation. New Jersey: Princeton University Press.

    Google Scholar 

  • World Bank. (1993b). The East Asian Miracle: Economic Growth and Public Policy. World Bank Policy Research Report. Washington, DC: World Bank.

    Google Scholar 

  • Yanikkaya, H. (2003). Trade Openness and Economic Growth: A Cross-Country Empirical Investigation. Journal of Development Economics, 72(1), 57–89.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Economics, University of Strathclyde, Glasgow, UK

    Mozammel Huq & Michael Tribe

Authors
  1. Mozammel Huq
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Michael Tribe
    View author publications

    You can also search for this author in PubMed Google Scholar

Copyright information

© 2018 The Author(s)

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Huq, M., Tribe, M. (2018). The Way Forward. In: The Economy of Ghana. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-60243-5_21

Download citation

  • DOI: https://doi.org/10.1057/978-1-137-60243-5_21

  • Published:

  • Publisher Name: Palgrave Macmillan, London

  • Print ISBN: 978-1-137-60242-8

  • Online ISBN: 978-1-137-60243-5

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

Publish with us

Policies and ethics

Search

Navigation