Interrogating the Political Economy of Africa Rising: Who Are the “African Tigers”?
- 65 Downloads
Sub-Saharan Africa has for the most part been the least developed region of the world. The region is often easily dismissed as backward and unable to channel its potentials to actual progress. At the wake of the new millennium, the narrative changed to a hopeful one, with an optimistic standpoint on the economic prospects based on the assumption that the region is on a “take-off” verge. As a result of the change in narrative, there has been a gradual renewed interest by investors, businesses and multinational companies which had hitherto withdrawn or completely stayed away from the region. This recent development, therefore, necessitates a closer examination of the changing narrative and the nature of the economic growth experienced by the region. This chapter traces the economic growth trajectory of the region since the independence era, interrogates the inclusiveness and productivity, as well as tries to identify the dynamics of the drivers of the changing narrative.
- Bhorat H., and F. Tarp. 2016. The Pursuit of Long-Run Economic Growth in Africa: An Overview of Key Challenges. In Africa’s Lions, 1–36. Brookings Institution Press.Google Scholar
- Bravo-Ortega, Claudio, and Jose de Gregorio. 2007. The Relative Richness of the Poor. Natural Resources, Human Capital and Economic Growth. In Natural Resources: Neither Curse Nor Destiny, ed. D. Lederman and W.F. Maloney. Palo Alto: Stanford University Press and Washington, DC: World Bank.Google Scholar
- Brooks, D. 2000. Hope for the ‘Hopeless Continent’: Mercenaries. Traders: Journal for the Southern African Region 3: 1–9.Google Scholar
- Bush, R. 2018. Africa: A Political Economy of Continued Crisis. Afrika Focus 31 (2): 23–46.Google Scholar
- Chandy, L. 2011. Ten Years of Fragile States: What Have We Learned? Global Views Policy Paper 2011-12, The Brookings Institution, Washington, DC. Available at www.brookings.edu/~/media/research/files/papers/2011/11/fragile%20states%20chandy/11_fragile_states_chandy.pdf.
- Chandy, L., and G. Gertz. 2011. Poverty in Numbers: The Changing State of Global Poverty from 2005 to 2015 (pp. 8–10). Washington, DC: Brookings Institution.Google Scholar
- Chen. S., and M. Ravallion. 2008. The Developing World Is Poorer Than We Thought, but No Less Successful in the Fight Against Poverty. Policy Research Working Paper 4703, World Bank, Washington, DC.Google Scholar
- Cilliers, J., and T. Sisk. 2013. Assessing Long-Term State Fragility in Africa: Prospects for 26 “More Fragile” Countries. ISS Monograph No. 188. Pretoria. Available at http://pardee.du.edu/assessing-long-term-state-fragility-africa-prospects-26-%E2%80%9Cmore-fragile%E2%80%9D-countries#sthash.L7BXF58U.dpuf.
- The Economist. 2000. Hopeless Africa. May 11.Google Scholar
- The Economist. 2011. Africa’s Hopeful Economies: The Sun Shines Bright. December.Google Scholar
- The Economist. 2013. Africa Rising: A Hopeful Continent. March 3.Google Scholar
- Hausmann R., D. Rodrik, and A. Velasco. 2005. Growth Diagnostics. John F. Kennedy School of Government, Harvard University, Cambridge, MA.Google Scholar
- Karl, T.L. 2007. Ensuring Fairness: The Case for a Transparent Fiscal Contract. In Escaping the Resource Curse, ed. M. Humphreys, J. Sachs, and J. Stiglitz, 256–285. New York: Columbia University Press.Google Scholar
- Laniran, T.J. 2017. Fiscal Regimes in Resource-Dependent African States: A Political Economy Game. AGDI Working Paper No. WP/17/037.Google Scholar
- Lederman, D., and W. Maloney. 2008. In Search of the Missing Resource Curse. Washington, DC: World Bank.Google Scholar
- Lo, V.I., and M. Hiscock (eds.). 2014. The Rise of the BRICS in the Global Political Economy: Changing Paradigms? Cheltenham: Edward Elgar.Google Scholar
- McMillan, M.S., and D. Rodrik. 2011. Globalization, Structural Change and Productivity Growth. National Bureau of Economic Research No. w17143.Google Scholar
- MDG Report. 2014. Assessing Progress in Africa Toward the Millennium Development Goals. Addis Ababa.Google Scholar
- Ngwafu, P.A. 2016. US Support for Democracy in Africa: Discrepant Orientations of Anglophone and Francophone Africa Towards Democratic Practices, Good Governance & Human Rights. African Social Science Review 8 (1): 23–48.Google Scholar
- Nwapi C., and N. Andrews. 2017. A New Developmental State in Africa: Evaluating Recent State Interventions Vis-a-Vis Resource Extraction in Kenya, Tanzania, and Rwanda. McGill Journal of Sustainable Development and. Law 13 (2): 223–267.Google Scholar
- OECD. 2013. Fragile States 2013: Resource Flows and Trends in a Shifting World. OECD Publishing, Paris and International Monetary Fund (IMF), Washington, DC. Available at www.imf.org/external/pubs/ft/wp/2004/wp0495.pdf.
- Prebisch, R. 1959. Commercial Policy in Underdeveloped Countries. The American Economic Review 49 (2): 251–273.Google Scholar
- Radelet, S. 2007. Reviving Economic Growth in Liberia. Centre for Global Development (CGD) Working Paper, No. 133, CGD, Washington, DC. Available at www.cgdev.org/files/14912_file_Liberia_Growth.pdf.
- Rodrik, D. 2016. An African Growth Miracle? Journal of African Economies 27 (1): 10–27.Google Scholar
- Staines, N. 2004. Economic Performance over the Conflict Cycle. IMF Working Paper No. WP/04/95.Google Scholar
- Sumner, A. 2012. From Deprivation to Distribution: Is Global Poverty Becoming a Matter of National Inequality? IDS Working Papers, 2012(394), 1–36.Google Scholar
- UNDP BCPR. 2008. Post-Conflict Economic Recovery; Enabling Local Ingenuity. Crisis Prevention and Recovery Report 2008, UNDP BCPR (Bureau for Crisis Prevention and Recovery) New York. Available at www.undp.org/content/dam/undp/library/crisis%20prevention/undp-cpr-post-conflict-economic-recovery-enable-local-ingenuity-report-2008.pdf.
- UNECA. 2012. Unleashing Africa’s Potential as a Pole of Global Growth. Addis Ababa: United Nations Economic Commission for Africa (UNECA) and Africa Union.Google Scholar
- World Bank. 2014 Decades of Sustained Growth Is Transforming Africa’s Economies. Africa Pulse 10 (October).Google Scholar
- World Bank. 2015. The Economic Outlook for the Middle East and North Africa. Washington, DC: The World Bank.Google Scholar
- World Bank. 2018. World Development Indicators. Washington, DC: The World Bank.Google Scholar
- Zamfir, I. 2016. Africa’s Economic Growth: Taking Off or Slowing Down? Members’ Research Service, Directorate-General for Parliamentary Research Services, European Parliament.Google Scholar