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Books > History > History of specific subjects > Economic history
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The Oxford Handbook of Africa and Economics - Volume 2: Policies and Practices (Hardcover)
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The Oxford Handbook of Africa and Economics - Volume 2: Policies and Practices (Hardcover)
Series: Oxford Handbooks
Expected to ship within 12 - 19 working days
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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 if not
exclusively by plutocrats with a high propensity for sadomasochism,
the conventional view must be re-examined, debated, and questioned.
This volume-the second of the Oxford Handbook of Africa and
Economics-aims at reassessing the economic policies and practices
observed across the continent since independence. It offers a
collection of analyses by some of the leading economists and
development thinkers of our time, and reflects a wide range of
perspectives and viewpoints-even on the same topic. Africa's
emergence as a potential economic powerhouse in the years and
decades ahead amply justifies the scope and ambition of the book.
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