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A typical pattern of wealth redistribution seems to prevail, in some African countries, between rich and poor ethno-regional groups. A contract-theoretic model is presented for shedding some light on this phenomenon. The government promises a transfer to its potential opponent in return for not...
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A historical explanation of poverty and inequality in African societies today and the social impact of resource-driven growth, Extracting profit explains why Africa has recently undergone an economic boom alongside widespread militarization. This exploitation has not gone unchallenged, however....
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