Economic Development in Ghana and Malaysia by Samuel K. Andoh... - 9781032174969

Economic Development in Ghana and MalaysiaA Comparative Analysis\nAuthor(s): Samuel K. Andoh, Bernice J. deGannes Scott, Grace Ofori-Abebrese\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781032174969, 978-1032174969\nSynopsis\nEconomic Development in Ghana and Malaysia investigates why two countries that appeared to be at more or less the same stage of economic development at one point in time have diverged so substantially.\n\nAt the time of their independence from the UK in 1957, both Ghana and Malaysia were at roughly the same stage of economic development; in fact, Ghanas real per capita income was slightly ahead of Malaysias. Since then, Ghanas development has been sluggish, while Malaysias economy has taken off into sustained growth and today, the real per capita income of Malaysia is about five times that of Ghana. This volume examines the pre-colonial and colonial economies of both countries, and the economic policies .