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06/06/2010

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Al

It is refreshing to see academia blogging about Africa and I think many people will agree that a lot of research isn't available on Africa's latest socioeconomic progress.
Three reports just released last week by McKinsey, Boston Consulting Group, and Chatham House offer a different perspective on Africa most people including those in academia aren't aware of.
I will leave it to you all to draw your own conclusions.

- McKinsey Quaterly - What's Driving Africa's Growth:
https://www.mckinseyquarterly.com/Whats_driving_Africas_growth_2601#AboutTheAuthors

- Chatham House Report - Our Common Strategic Interests: Africa's role in the post G8 world
http://dev.chatham.sov.m-w.co.uk/publications/papers/download/-/id/888/file/16704_r0610_africag8.pdf

- Boston Consulting Group - African Challengers: www.bcg.com/documents/file44610.pdf

- Africa Progress Panel:
http://www.africaprogresspanel.org/report/

Orion Jones

Thanks very much to both of you! Your blog is informative, clear, unpretentious and original. It would be great if you could speak on corporate negligence regarding BP.

Dan S.

Today, foreign assistance is largely concerned with making effective business environments. At USAID, for instance, the emphasis is on creating economic growth through pragmatic free market reforms. In fact, there is a consensus in the economic research community that foreign assistance is conditionally effective – conditional on macro-governance, strength of property rights, and other aspects of “good” governance. Posner comments pertain more to foreign assistance as it was in the 80s – providing below market rate financing to questionable regimes.

It’s also worth noting that foreign assistance is a small fraction of total economic activity in Africa. Hence, current levels of foreign assistance would probably not allow leaders to delay reforms. For instance, if we imputed a hypothetical 15% rate of return on past foreign assistance dollars (1995 – 2007); the total only equals about 7% of the economic growth over that same period. However, it bears repeating that these funds are normally administered through independent programs that support better business environments.

Gambling88

Thanks very much to both of you

S

"And exports of raw materials (other than farm products) are not a very promising route to prosperity. Often they do not create a great many jobs in the exporting nation, in which event most of the income from the exports go either to the owners, many of whom are foreign, or to the governments of the exporting nations—and this means, in corrupt governments, into the pockets of government officials."

The Robert Bates Model tends to view such income sources as producing political stability. The critical factor in determining civil war outbreak seems to be revenue loss or political uncertainty. The interesting thing is that if Robert Bates is right the "more promising routes to prosperity" are not actually such; African governments have almost zero tax infrastructure and thus are only able to tax exports/imports, other forms of economic growth that do not contribute to government coffers do not contribute to political stability, and without such economic progress is bound to be cannibalized in civil war.

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but i didnt somewhere exactly. Obama vs Bush who is the biggest brain? :S

Nicolas

Good article. I especially like the part about questioning the reliability of statistics.

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Thanks very much to both of you! Your blog is informative, clear, unpretentious and original. It would be great if you could speak on corporate negligence regarding BP.

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If you have any interest in joining the CAN network, please contact the public policy team for more information at pubpol@cec.sped.org.

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African governments have almost zero tax infrastructure and thus are only able to tax exports/imports, other forms of economic growth that do not contribute to government coffers do not contribute to political stability, and without such economic progress is bound to be cannibalized in civil war.

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Rosetta Stone

Will sub-Saharan Africa, having as I said weathered the global economic crisis rather well, take off economically and catch up with other regions of the world, such as East Asia, which a half century ago was poorer than sub-Saharan Africa? Perhaps so, but I have my doubts. To begin with, I have no idea how accurate these countries’ economic statistics are; the Greek debacle has reminded us of the importance of determining the accuracy of economic statistics before opining on a country’s economic performance.

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That would have been a pesky parole officer for your friend rather than probation officer.

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Read this last night but had trouble commenting at the time, so I'll chime in now to say good job of relating your experience here.

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