Governance and growth in sub-Saharan Africa
Article Abstract:
Africa has seen stronger economic growth along with greater democracy in many areas since 1995, after a period from 1973 when growth faltered then stagnated or dropped. One reason why growth was not achieved may have been that peasant agriculture tended to be ignored, and urban interests were given too much importance. The end of colonial rule was also followed by a rejection of outward-oriented elements linked to colonialism. There is greater hope for democracy in the 1990s than there was after independence. Donors should allow African leaders and populations to decide on their own national agendas.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1999
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Africa's economic performance: limitations of the current consensus
Article Abstract:
There are two opposing theoretical perspectives on economic development in Africa south of the Sahara. One view could be called 'people-friendly' and takes a moralistic view on the need to combine capitalism with welfare concerns. The other view could be called Marxist or tragic optimism, and sees capitalist development itself as a brutal process, tending to crises, while at the same time bringing progress, such as lower infant mortality rates. Intervention to promote capitalist industrialization is seen as one way to foster development.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1999
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Comment about this article or add new information about this topic:
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