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Africa's Growth Tragedy : Policies and Ethnic Divisions

Author

Listed:
  • Easterly, W
  • Levine, R

Abstract

Ethnic divisions explain a significatn part of Africa's slow growth and Africa's choice of growth-reducing policies. Africa's poor growth is associated with Africa's low schooling, political instability, underdeveloped financial systems, distorted foreign exchange markets, high government deficits, insufficient infrastructure, and poor institutions.

Suggested Citation

  • Easterly, W & Levine, R, 1996. "Africa's Growth Tragedy : Policies and Ethnic Divisions," Papers 536, Harvard - Institute for International Development.
    • Handle: RePEc:fth:harvid:536
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    Keywords

    AFRICA ; ECONOMIC GROWTH;

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East

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