Can I read The Oxford Handbook of Africa and Economics: Volume 2: Policies and Practices (Oxford Handbooks) on EtoBox?

The Oxford Handbook of Africa and Economics: Volume 2: Policies and Practices (Oxford Handbooks) by Célestin Monga; Justin Yifu Lin is a book available to read on EtoBox.

What is The Oxford Handbook of Africa and Economics: Volume 2: Policies and Practices (Oxford Handbooks) about?

A popular myth about the travails of Africa holds that the continent's long history of poor economic performance reflects the inability of its leaders and policymakers to fulfill the long list of preconditions to be met before sustained growth can be achieved. These conditions are said to vary from the necessary quantity and quality of physical and human capital to the appropriate institutions and business environments. While intellectually charming and often elegantly formulated, that conventional wisdom is actually contradicted by historical evidence and common sense. It also suggests a form of intellectual mimicry that posits a unique path to prosperity for all countries regardless of their level of development and economic structure. In fact, the argument underlining that reasoning is tautological, and the policy prescriptions derived from it are fatally teleological: low-income countries are by definition those where such ingredients are missing. None of today's high-income countries started its growth process with the "required" and complete list of growth ingredients. Unless one truly believes that the continent of Africa-and most developing countries-are ruled predominantly

Author

Célestin Monga; Justin Yifu Lin

Publisher

OUP Oxford

Published

2015

Language

EN

ISBN

9780191510731

Subjects

Business