From boom to bust: avoiding economic ‘growth reversals’ in Africa

Gardner, L. A. & Broadberry, S. (2014). From boom to bust: avoiding economic ‘growth reversals’ in Africa.
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African economies have grown rapidly over the past decade. But history shows that the pattern of growth and reversal which has characterised African economic performance in the post-war period can persist for centuries. If the current boom is to be different, African countries must develop institutions which allow people to specialise away from agriculture, and mitigate the impact of market failures

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