Africa's Growth Tragedy: Policies and Ethnic Divisions
Posted: 6 Feb 1997
Date Written: January 1997
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