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Ramping Up African Growth: Lessons From Five Decades Of Growth Experience

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  • Benno J. Ndulu

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.

Suggested Citation

  • Benno J. Ndulu, 2006. "Ramping Up African Growth: Lessons From Five Decades Of Growth Experience," Economic Affairs, Wiley Blackwell, vol. 26(4), pages 5-11, December.
    • Handle: RePEc:bla:ecaffa:v:26:y:2006:i:4:p:5-11
    DOI: 10.1111/j.1468-0270.2006.00662.x
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    References listed on IDEAS

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    2. Berthelemy, Jean-claude & Soderling, Ludvig, 2001. "The Role of Capital Accumulation, Adjustment and Structural Change for Economic Take-Off: Empirical Evidence from African Growth Episodes," World Development, Elsevier, vol. 29(2), pages 323-343, February.
    3. Jan Willem Gunning & Paul Collier, 1999. "Explaining African Economic Performance," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 64-111, March.
    4. Costas Azariadis & Allan Drazen, 1990. "Threshold Externalities in Economic Development," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 105(2), pages 501-526.
    5. Bates, Robert H., 2006. "Institutions and Development," Scholarly Articles 37093808, Harvard Kennedy School of Government.
    6. Carl Dahlman & Thomas Anderson, 2000. "Korea and the Knowledge-based Economy : Making the Transition," World Bank Publications - Books, The World Bank Group, number 13845, December.
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