Studies of African economic development frequently focus on the daunting challenges the continent faces. From recurrent … as facing many hurdles to raise living standards. Yet Africa has made considerable progress in the past decade, with a … GDP growth rate exceeding five percent in some regions. The African Successes series looks at recent improvements in …

because typically in Africa, "good economics" has proved not to be politically feasible. In this paper we suggest that good … place. Why did institutions of private property arise in Botswana, but not other African nations? We conjecture that the …