Ethiopia’s Agricultural Development: Ethiopia’s government implemented an agricultural development program in the early 2000s that focused on increasing productivity and improving infrastructure in the agricultural sector. As a result, Ethiopia’s agriculture sector has grown rapidly, with annual growth rates of around 7% in recent years.
Malaysia’s Technology Parks: Malaysia’s government established several technology parks in the 1990s and 2000s to promote the development of high-tech industries. These parks provided tax incentives and other benefits to companies that set up operations there, and helped to attract foreign investment in the tech sector.
China’s Special Economic Zones: China established special economic zones in the 1980s to attract foreign investment and promote economic development. These zones offered tax incentives, streamlined regulations, and other benefits to foreign investors, which helped to fuel China’s rapid economic growth over the past few decades.
Rwanda’s Private Sector Development: Rwanda’s government has implemented a number of policies to support private sector development, including reducing bureaucracy, improving access to finance, and promoting entrepreneurship. As a result, Rwanda has seen significant improvements in business climate and private sector growth, with average annual GDP growth rates of over 7% in recent years.
Doi Moi reforms: In the mid-1980s, the Vietnamese government launched a series of economic reforms, known as the Doi Moi policy, which shifted the country from a centrally planned economy to a market-oriented economy. The reforms included allowing private ownership of businesses, liberalizing trade and investment, and reducing state control over the economy. As a result, Vietnam’s economy grew rapidly, with an average annual growth rate of 6.4% between 1990 and 2019. Today, Vietnam is one of the fastest-growing economies in Southeast Asia and has become a major player in global trade, with exports accounting for over 100% of its GDP in 2019.
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