How will good economic policy environments emerge in Africa?
In Africa, institutions were not established at independence that took proper account of the pluralism of the societies, while civil society failed to press for institutions to control the state. Political leaders have had little self-interest in pursuing good economic policies, and there is weak civil societal demand for such policies. Foreign aid and the proposed peer review mechanism of the African Union could help strengthen this demand. Social scientists can help by focusing on corruption in top political leadership, reducing ethnicity, and improving political leadership. Selectivity for aid can be ex ante, with resoluteness in withdrawing aid for not keeping promises.
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Volume (Year): 7 (2004)
Issue (Month): 3 ()
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- Dollar, David & Alesina, Alberto, 2000.
"Who Gives Foreign Aid to Whom and Why?,"
4553020, Harvard University Department of Economics.
- Stephen Knack & Philip Keefer, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, Oxford University Press, vol. 112(4), pages 1251-1288.
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- Dollar, David & Svensson, Jakob, 2000. "What Explains the Success or Failure of Structural Adjustment Programmes?," Economic Journal, Royal Economic Society, vol. 110(466), pages 894-917, October.
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