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Lost Decades: Lessons from Post-Independence Latin America for Today's Africa

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Robert H. Bates
John H. Coatsworth
Jeffrey G. Williamson

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Abstract

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 National Bureau of Economic Research, Inc in its series NBER Working Papers with number 12610.

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Date of creation: Oct 2006
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Handle: RePEc:nbr:nberwo:12610

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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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  2. Frank Barry, Patrick Honohan and Tara McIndoe, Trinity College Dublin, 2009. "Postcolonial Ireland And Zimbabwe: Stagnation Before Convergence," The Institute for International Integration Studies Discussion Paper Series iiisdp291, IIIS. [Downloadable!]
  3. Luis Bertola & Cecilia Castelnovo & Javier Rodriguez & Henry Willebald, 2008. "Income distribution in the Latin American Southern Cone during the first globalization boom, ca: 1870-1920," Working Papers in Economic History wp08-05, Universidad Carlos III, Departamento de Historia Económica e Instituciones. [Downloadable!]
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