1945

Growth and development in Africa: Trends and prospects

It has become increasingly common to describe Africa as a continent of missed growth opportunities, subjected to heavy-handed state interventions and misguided, inward-looking development strategies from which it is only now escaping. The historical record is not so simple. The conventional account downplays the challenges that faced many African countries at independence and overlooks the respectable, and for some countries spectacular, growth rates achieved immediately after independence. Nor is it always appreciated that Africa’s integration into the world economy has been long and close, albeit shaped in large part by colonial ties and legacies.

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