RAMPING UP AFRICAN GROWTH: LESSONS FROM FIVE DECADES OF GROWTH EXPERIENCE

Benno J. Ndulu

Economic Affairs, 2006, vol. 26, issue 4, 5-11

Abstract: Since the 1960s economic growth rates have been far lower in sub‐Saharan Africa than in other developing regions. This poor performance has resulted primarily from endemic rent‐seeking and the over‐regulation of markets. To achieve high growth rates, African countries must improve the investment climate by reforming institutions, enhancing infrastructure and protecting property rights.

Date: 2006
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