Can African countries mimic Asia’s economic success? With Joe Studwell

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• 00:01

  Over a decade ago, Joe Studwell took the world of economic wonkery by storm when his book How Asia Works came out.

• 00:08

  He claimed to understand the economic conundrum that has baffled policymakers for years.

• 00:14

  What explains how some Asian countries saw such economic success while others didn't?

• 00:20

  And now he has moved on to Africa, a continent that houses a fifth of the world's population,

• 00:27

  and he has tackled the same big question.

• 00:30

  So this week, we are going to ask, how does Africa work?

• 00:38

  This is The Economics Show with Samaya Keynes.

• 00:41

  I'm joined this week by Joe Studwell, speaking to me from Morocco.

• 00:45

  Joe, hello.

• 00:46

  Hi, thank you for having me.

• 00:48

  Thanks for joining me.

• 00:50

  Okay, so I always start with the question to which the answer has to be on a scale of 1 to 10,

• 00:55

  which is entirely serious and objective and scientific.

• 00:59

  So I'm going to ask you two questions, one related to Asia and then the other to Africa.

• 01:03

  So on that scale of 1 to 10, how well does Asia work?

• 01:10

  Asia is about a 7, perhaps an 8. Okay.

• 01:13

  And how well does Africa work?

• 01:15

  Well, Africa is currently a four or a five.

• 01:18

  Four or five.

• 01:19

  Okay.

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