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African Growth: Why a Big Push?

African Growth: Why a Big Push? Over the past 40 years Africa has stagnated while other developing countries have grasped growth opportunities. This process of divergence has turned Africa into the poorest region. Africa needs a big push to escape from four development traps: the conflict trap, the corruption trap, the primary commodity trap and the fractionalized society trap. Since these low level equilibria have been sustained over some time a marginal effort is unlikely to be successful. However, the traps weaken the effectiveness of aid, making increased aid unlikely to be a successful instrument to push Africa's development. This paper suggests four non-traditional policy instruments donors can use in addition to increased aid: a security guarantee, templates of good governance, temporary trade preferences and the conditioning aid on processes of governance rather than on policies. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of African Economies Oxford University Press

African Growth: Why a Big Push?

Journal of African Economies , Volume 15 (suppl_2) – Dec 1, 2006

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Publisher
Oxford University Press
Copyright
© Published by Oxford University Press.
ISSN
0963-8024
eISSN
1464-3723
DOI
10.1093/jae/ejl031
Publisher site
See Article on Publisher Site

Abstract

Over the past 40 years Africa has stagnated while other developing countries have grasped growth opportunities. This process of divergence has turned Africa into the poorest region. Africa needs a big push to escape from four development traps: the conflict trap, the corruption trap, the primary commodity trap and the fractionalized society trap. Since these low level equilibria have been sustained over some time a marginal effort is unlikely to be successful. However, the traps weaken the effectiveness of aid, making increased aid unlikely to be a successful instrument to push Africa's development. This paper suggests four non-traditional policy instruments donors can use in addition to increased aid: a security guarantee, templates of good governance, temporary trade preferences and the conditioning aid on processes of governance rather than on policies.

Journal

Journal of African EconomiesOxford University Press

Published: Dec 1, 2006

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