
Africa : Why Economists Get It Wrong.
Title:
Africa : Why Economists Get It Wrong.
Author:
Jerven, Morten.
ISBN:
9781783601349
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (172 pages)
Series:
African Arguments
Contents:
Front Cover -- African Arguments -- About the Author -- Title Page -- Copyright -- Contents -- Tables and Figures -- Acknowledgments -- Introduction -- From Explaining Slow Growth to Explaining Low Income -- How Economists Have Misunderstood Growth in Africa -- 1: Misunderstanding Economic Growth in Africa -- Correlation Is Not Causation -- Garbage In, Garbage Out -- The African Dummy Variable -- Misrepresenting the African Economic Growth Record -- The Subtraction Approach -- Aid Dependency -- Deficient Public Services -- Bad Policies -- Bad Governance -- A Leap of Faith -- 2: Trapped in History? -- The Historical Evidence of Growth -- Explaining Variation in Income 'Today' -- Root Causes of African Underdevelopment -- Initial Conditions: Bad Geography and Wrong Technology -- Ethnicity -- Settlers and Institutions -- 'Causal History' or 'Compression of History'? -- Ceteris Paribus: History Matters -- 3: African Growth Recurring -- The Political Economy of Episodic Growth in Africa -- The Importance of Economic Growth -- From Slavery to Cash Crops: Growth in Precolonial and Colonial Africa -- Growth in Africa Since 1950 -- Prospects for Growth -- World Markets -- Political Conditions -- The Factors of Production -- Poverty, Inequality and Economic Growth: Some Precautions -- 4: Africa's Statistical Tragedy? -- Benchmark Years -- How Much Do We Know About Income and Growth in Africa? -- Correlates of Growth -- Interpreting the Growth Evidence -- The Politics of African Economic Statistics -- Conclusion -- How We are Misled by Mainstream Economics -- Learning from History -- Getting African Economies Right -- Notes -- Bibliography -- Index -- Back Cover.
Abstract:
Not so long ago, Africa was being described as the hopeless continent. Recently, though, talk has turned to Africa rising, with enthusiastic voices exclaiming the potential for economic growth across many of its countries. What, then, is the truth behind Africa's growth, or lack of it? In this provocative book, Morten Jerven fundamentally reframes the debate, challenging mainstream accounts of African economic history. Whilst for the past two decades experts have focused on explaining why there has been a 'chronic failure of growth' in Africa, Jerven shows that most African economies have been growing at a rapid pace since the mid nineties. In addition, African economies grew rapidly in the fifties, the sixties, and even into the seventies. Thus, African states were dismissed as incapable of development based largely on observations made during the 1980s and early 1990s. The result has been misguided analysis, and few practical lessons learned. This is an essential account of the real impact economic growth has had on Africa, and what it means for the continent's future.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
Click to View