Overlooking the Obvious in Africa
Collier and Gunning review approximately forty factors that have been offered as possible explanations for poor growth in sub-Saharan Africa. The authors conclude that â€œdomestic policies largely unrelated to tradeâ€ may be the major factors holding back growth now. This comment, â€œOverlooking the Obvious in Africa,â€ contends that Collier and Gunning appear reluctant to identify the importance of institutional factors â€“ especially economic freedom â€“ in slowing economic growth in Africa. And, despite their listing many possible explanations, they curtly dismiss one important one â€“ the role that foreign aid may be playing in perpetuating poor policies. Thus, the paper accepts all manner of lame theories while ignoring those that have stood the test of time. As a result, it offers little guidance on a critical development issue.
Volume (Year): 1 (2004)
Issue (Month): 1 (April)
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- Collier, Paul & Hoeffler, Anke, 1998. "On Economic Causes of Civil War," Oxford Economic Papers, Oxford University Press, vol. 50(4), pages 563-573, October.
- Jane S. Shaw, 1999. "Paul Samuelson and Development Economics: A Missed Opportunity," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 15(Fall 1999), pages 18-35.
- Shantayanan Devarajan & David R. Dollar & Torgny Holmgren, 2001. "Aid and Reform in Africa : Lessons from Ten Case Studies," World Bank Publications, The World Bank, number 13894, April.
- Tullock, Gordon, 1971. "Public Decisions as Public Goods," Journal of Political Economy, University of Chicago Press, vol. 79(4), pages 913-918, July-Aug..
- anonymous, 2003. "Annual Fed report tracks bank fees and services," Financial Update, Federal Reserve Bank of Atlanta, issue Q 3.
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