Studies of African economic development frequently focus on the daunting challenges the continent faces. From recurrent crises to ethnic conflicts and long-standing corruption, a raft of deep-rooted problems has led many to regard the continent as facing many hurdles to raise living standards....

Intro -- Contents -- Acknowledgments -- The Idea for In 100 Years -- 1 The World Our Grandchildren Will Inherit -- 2 Through the Darkness to a Brighter Future -- 3 The Cone of Uncertainty of the Twenty-First Century's Economic Hurricane -- 4 Wealth and the Self-Protection Society -- 5 Keynes,...

Inefficiencies in the bureaucratic organization of the state are often viewed as important factors in retarding economic development. Why certain societies choose or end up with such inefficient organizations has received very little attention, however. In this paper, we present a simple theory...

Inefficiencies in the bureaucratic organization of the state are often viewed as important factors in retarding economic development. Why certain societies choose or end up with such inefficient organizations has received very little attention, however. In this paper, we present a simple theory...