Africa's Growth Tragedy: Policies and Ethnic Divisions
Posted: 6 Feb 1997
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Africa's Growth Tragedy: Policies and Ethnic Divisions
Posted: 06 Feb 1997
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Date Written: January 1997
Abstract
Ethnic divisions explain a significant part of Africa's slow growth and Africa's choice of growth-reducing policies. Africa's poor growth is associated with Africa's low schooling, political instability, underdeveloped financial systems, distorted foreign exchange markets, high government deficits, and insufficient infrastructure. Africa's high level of ethnic fragmentation explains most of these characteristics.
JEL Classification: O5, O55
Suggested Citation: Suggested Citation
Easterly, William and Levine, Ross and Labrie, Kari, Africa's Growth Tragedy: Policies and Ethnic Divisions (January 1997). Available at SSRN: https://ssrn.com/abstract=35994
William Easterly (Contact Author)
New York University - Department of Economics ( email )
269 Mercer Street
New York, NY 10003
United States
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