Very interesting, but what are we left with for learning? Can we take lessons from a LLM-based paper? Also - if fiscal subsidies were the main driver, does that help african countries which may not have that tool available?
It's a good question. I suppose the first thing is what not to do. A lot of the things that are popular in African countries (banning things, high tariffs, govt procurement) have seen very little use in China. As for what to do, there is scope within fiscal subsidies for non-cash subsidies. China uses land quite effectively and that's something African countries haven't used quite well. But as I try to say in the piece, even fiscal subsidies are only 41% so while they are the most common tool, there are a lot more tools in use.
Very interesting, but what are we left with for learning? Can we take lessons from a LLM-based paper? Also - if fiscal subsidies were the main driver, does that help african countries which may not have that tool available?
It's a good question. I suppose the first thing is what not to do. A lot of the things that are popular in African countries (banning things, high tariffs, govt procurement) have seen very little use in China. As for what to do, there is scope within fiscal subsidies for non-cash subsidies. China uses land quite effectively and that's something African countries haven't used quite well. But as I try to say in the piece, even fiscal subsidies are only 41% so while they are the most common tool, there are a lot more tools in use.
Thanks. Good reply.
The paper appears to examine the Rise of China from a policy-making perspective. Thanks for sharing. Hope Africa policymakers are reading. 🙂