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Institutions and economic performance: Implications for African development

✍ Scribed by John M. Luiz

Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
127 KB
Volume
21
Category
Article
ISSN
0954-1748

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✦ Synopsis

Abstract

The recent economic performance of Sub Saharan Africa has been very disappointing. Its poverty has many dimensions and causes, both internal and external. This paper focuses on the role of institutions in promoting or hindering economic development in Africa and the implications for doing business on the continent. It questions our understanding of institutions and how they develop and warns against simplistic assumptions in this regard. The paper examines how it is that institutions come to affect economic growth and the characteristics of what makes for good institutions. Copyright Β© 2008 John Wiley & Sons, Ltd.

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