Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities. In each case independence was followed by political instability, violent conflict and economic stagnation lasting for about a half-century (lost decades). The parallels suggest that Africa might be exiting from a period of post-imperial collapse and entering a period of relative political stability and economic growth, as did Latin America a century and a half earlier.
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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number
5932.
Find related papers by JEL classification: N0 - Economic History - - General O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
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