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In the new millennium, the Western aid effort towards Africa has surged due to writings by well-known economists, a … celebrity mass advocacy campaign, and decisions by Western leaders to make Africa a major foreign policy priority. This survey … contrasts the predominant "transformational" approach (West saves Africa) to occasional swings to a "marginal" approach (West …
Persistent link: https://www.econbiz.de/10013210668
In this paper we explore the popular but controversial idea that developing countries benefit from abandoning policy neutrality vis-a-vis trade, FDI and resource allocation across industries. Are developing countries justified in imposing tariffs, subsidies, and tax breaks that imply distortions...
Persistent link: https://www.econbiz.de/10013151144
This paper explores whether one of the most important U.S. policies towards Africa of the past few decades achieved its …
Persistent link: https://www.econbiz.de/10012759989
In this paper I discuss the effectiveness of foreign aid from a historical perspective. I show that foreign aid is a relatively new concept in economics, and I emphasize the role of exchange rate policies in the foreign aid controversies of the 1970s through 1990s. I show that in the early 1980s...
Persistent link: https://www.econbiz.de/10013043991
In the 3 years before the 2008 Financial Crisis, GDP growth in sub Saharan Africa (averaged over individual economies … small, portion of the elevated growth in sub Saharan Africa in the three years before the Financial Crisis and also in the …
Persistent link: https://www.econbiz.de/10013119043
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 … about a half-century (lost decades). The parallels suggest that Africa might be exiting from a period of post …
Persistent link: https://www.econbiz.de/10012778235
We show that much of Africa's recent growth and poverty reduction can be traced to a substantive decline in the share …
Persistent link: https://www.econbiz.de/10013054049
Africa's recent economic growth is at a historical high. The patterns associated with this growth appear to be quite … of Africa's growth. One thing is clear: the recent growth is not well understood. Against this background, we adapt Lewis …'s (1954) dual-economy model to the economies of Africa to better understand the role that the “in-between” sector as defined …
Persistent link: https://www.econbiz.de/10013026305
Using country- and region-level data, I investigate the effect of HIV/AIDS on fertility in Africa during 1985 …
Persistent link: https://www.econbiz.de/10013220972
Natural resources have driven both growth and conflict in modern Africa. We model the interaction of parties engaged in … illumination across the whole of sub-Saharan Africa, we find evidence confirming each of the model's predictions. Structural …
Persistent link: https://www.econbiz.de/10012832312