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Research Paper No. 2009/42 Country Role Models for Development Success
The Ghana Case

Augustin Kwasi Fosu*
June 2009 Abstract The current paper, first, documents Ghana’s ‘success’ story. Second, it identifies the strategy employed. Third, it provides a brief history of why and how the strategy was adopted. Fourth, it provides some rationale for the success of the strategy, including the roles of domestic and international actors. Fifth, it conjectures the viability of the strategy into the future. Finally, the paper draws lessons for possible application to other less successful countries. Keywords: role models, Ghana, success JEL classification: O55

Copyright © UNU-WIDER 2009
*UNU-WIDER, Helsinki, email:

fosu@wider.unu.edu

This study has been prepared within the UNU-WIDER project on Country Role Models for Development Success, directed by Augustin Kwasi Fosu. UNU-WIDER gratefully acknowledges the financial contributions to the project by the Finnish Ministry for Foreign Affairs, and the financial contributions to the research programme by the governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Finnish Ministry for Foreign Affairs), Sweden (Swedish International Development Cooperation Agency—Sida) and the United Kingdom (Department for International Development). ISSN 1810-2611 ISBN 978-92-9230-215-3

Acknowledgements An earlier version of the paper was presented at the UNU-WIDER project conference ‘Country Role Models for Development Success’, 13-14 June 2008, Helsinki. I am grateful to Aida Gonzalez-Mellado for valuable research assistance. No institution of affiliation is responsible for views expressed herein.

Acronyms BOP BWIs EAP ERP FDI HDI MDGs NDC ODA PAMSCAD SAP SF SSA TFP balance-of-payments Bretton Woods institutions East Asian and Pacific countries economic recovery programme foreign direct investment human development index Millennium Development Goals (MDGs) National Democratic Congress (Ghana) official...