Explain why paul collier seems industrialization or trade

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The textbook argues that import substitution industrialization did not work well, including in Africa. Export oriented industrialization, on the other hand, might have had some success in East Asia. However, according to the article, Paul Collier seems to argue that export oriented industrialization or trade liberalization policies enacted by African countries would not help Africa develop. Why? Do you believe his argument?

Reference no: EM1348059

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