Revised overview of African economic developments
The assumption that Africa's economic backwardness stems from the absence of specific conditions for sustainable growth is a common myth. These conditions range from sufficient physical and human capital goods to appropriate institutions and a favorable entrepreneurial climate. Although this view seems logical, it is contradicted by historical facts and common sense.
The traditional view proposes a universal path to prosperity, independent of the level of development or economic structure, but this is circular reasoning. Low-income countries naturally lack the mentioned growth factors, while no high-income country ever started with a complete package of such conditions.
Contents of the book
This second volume of the Oxford Handbook of Africa and Economics evaluates economic policies and practices in Africa since independence. The collection contains analyses by leading economists and development thinkers and offers diverse perspectives.
Relevance and application
- Language: English
- Target audience: policymakers, academics, students, and those interested in economic development
- Use: self-study, education, policy analysis
Africa's growth as a potential economic powerhouse underscores the relevance and ambition of this work. Intertaal guarantees reliable delivery and quick availability of this valuable learning tool.