Aid, Structural Change and the Private Sector in Africa

John Page

No wp-2012-021, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper argues that official development assistance (foreign aid) is partly responsible for the lack of structural change in Africa. Africa's development partners have devoted too few resources and too little attention to two critical constraints to private investment, infrastructure and skills, focusing instead on easily understood, but potentially low impact regulatory reforms. A new aid strategy, one that catalyses private investment in high value added sectors, is needed.

Keywords: Economic assistance and foreign aid; Economic development; Economic integration; Investments (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (8)

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