Africa should industrialize. Without structural change it cannot sustain recent growth. Economies with more diverse and sophisticated industrial sectors tend to grow faster. But since 1980 Africa has deindustrialized. The paper shows that between 1975 and 2005 the size, diversity and...

Private property and the domineering right to exclude -- Towards an understanding of public property -- The obviousness and obliviousness of common property -- Seeing property diversity, its core elements -- Seeing property diversity, in theory, place and picture -- Obligation and property...

The exploitation of natural resources is a huge opportunity, but one that carries considerable risks. Relative prices in resource-exporting economies tend to push them towards economic structures dominated by the resource sector. This paper explores ways to achieve diversification in a...