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Economic geography and African development

Author

Listed:
  • Venables, Anthony J.

Abstract

Physical and economic geography both contribute to low levels of income in Africa. The small size of African countries and markets impedes growth through a number of mechanisms. The business environment is prone to monopoly and opportunistic behaviour. Cities are relatively small. Public goods (national and regional are undersupplied). The potential benefits of natural resources are not dispersed widely enough. Growth prospects require better use of natural resource revenues and the development of clusters of export oriented manufacturing in coastal economies.

Suggested Citation

Handle: RePEc:eee:paresc:v:89:y:2010:i:3:p:469-484
DOI: 10.1111/j.1435-5957.2010.00312.x
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Keywords

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JEL classification:

  • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
  • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
  • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
  • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation

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