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African Growth: Why a 'Big Push'?

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  • Paul Collier

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. Copyright 2006, Oxford University Press.

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Bibliographic Info

Article provided by Centre for the Study of African Economies (CSAE) in its journal Journal of African Economies.

Volume (Year): 15 (2006)
Issue (Month): 2 (December)
Pages: 188-211

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Handle: RePEc:oup:jafrec:v:15:y:2006:i:2:p:188-211

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Cited by:
  1. Marcus Böhme & Clemens Breisinger & Rainer Schweickert & Manfred Wiebelt, 2010. "Oil revenues for public investment in Africa: targeting urban or rural areas?," Kiel Working Papers 1623, Kiel Institute for the World Economy.
  2. Naudé, Wim, 2010. "Africa and the global economic crisis: A Risk assessment and action guide," MPRA Paper 19856, University Library of Munich, Germany.
  3. Temple, Jonathan R.W., 2010. "Aid and Conditionality," Handbook of Development Economics, Elsevier.
  4. Unbreen Qayyum & Hasan Siftain, 2014. "Governance and the Effectiveness of Foreign Capital," PIDE-Working Papers 2014:98, Pakistan Institute of Development Economics.

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