The Paradox of Africa's Poverty


Book Description

Taking Ethiopia as a case study, this work examines the prevailing views on the poverty of much of Africa and argues that the current situation can be reversed by attacking the root causes of poverty - once they are properly understood.




The Policy Paradox in Africa


Book Description

It provided technical and financial support to economic research centres in sub-Sahara Africa (SSA) so that they can undertake policy-relevant research with the goal of influencing economic policy-making. In January 2005, the Secretariat organized an international conference in Dakar, Senegal, during which participants from key economic think tanks presented their experiences in the policy development process in Africa. Of particular interest was the role of economic research and economic researchers in policy-making. The authors examine the extent to which economic policies that are formulated in the sub-continent draw from research based on local realities and undertaken by local researchers and research networks in Africa.




Poverty, Inequality, and Democracy


Book Description

The rise of populism in new democracies, especially in Latin America, has brought renewed urgency to the question of how liberal democracy deals with issues of poverty and inequality. Citizens who feel that democracy failed to improve their economic condition are often vulnerable to the appeal of political leaders with authoritarian tendencies. To counteract this trend, liberal democracies must establish policies that will reduce socioeconomic disparities without violating liberal principles, interfering with economic growth, or ignoring the consensus of the people. Poverty, Inequality, and Democracy addresses the complicated philosophical and moral issues surrounding the distribution of economic goods in free societies as well as the empirical relationships between democratization and trends in poverty and inequality. This volume also discusses the variety of welfare-state policies that have been adopted in different regions of the world. The book’s distinguished group of contributors provides a succinct synthesis of the scholarship on this topic. They address such broad issues as whether democracy promotes inequality, the socioeconomic factors that drive democratic failure, and the basic choices that societies must make as they decide how to deal with inequality. Chapters focus on particular regions or countries, examining how problems of poverty and inequality have been handled (or mishandled) by newer democracies in Latin America, Eastern Europe, Africa, and Asia. Poverty, Inequality, and Democracy will prove vital reading for all students of world politics, political economy, and democracy’s global prospects. Contributors: Dan Banik, Nancy Bermeo, Dorothee Bohle, Nathan Converse, Alberto Díaz-Cayeros, Francis Fukuyama, Béla Greskovits, Stephan Haggard, Ethan B. Kapstein, Robert R. Kaufman, Taekyoon Kim, Huck-Ju Kwon, Jooha Lee, Peter Lewis, Beatriz Magaloni, Mitchell A. Orenstein, Marc F. Plattner, Charles Simkins, Alejandro Toledo, Ilcheong Yi




The Prosperity Paradox


Book Description

New York Times–bestselling Author: “Powerful . . . a compelling case for the game-changing role of innovation in some of the world’s most desperate economies.” —Eric Schmidt, former Executive Chairman, Google and Alphabet Clayton M. Christensen, author of such business classics as The Innovator’s Dilemma and How Will You Measure Your Life, and co-authors Efosa Ojomo and Karen Dillon reveal why so many investments in economic development fail to generate sustainable prosperity, and offer a groundbreaking solution for true and lasting change. Global poverty is one of the world’s most vexing problems. For decades, we’ve assumed smart, well-intentioned people will eventually be able to change the economic trajectory of poor countries. From education to healthcare, building infrastructure to eradicating corruption, too many solutions rely on trial and error. Essentially, the plan is often to identify areas that need help, flood them with resources, and hope to see change over time. But hope is not an effective strategy. At least twenty countries that have received billions of dollars’ worth of aid are poorer now. Applying the rigorous and theory-driven analysis he is known for, Christensen suggests a better way. The right kind of innovation not only builds companies—but also builds countries. The Prosperity Paradox identifies the limits of common economic development models, which tend to be top-down efforts, and offers a new framework for economic growth based on entrepreneurship and market-creating innovation. Christensen, Ojomo, and Dillon use successful examples from America’s own economic development, including Ford, Eastman Kodak, and Singer Sewing Machines, and shows how similar models have worked in other regions such as Japan, South Korea, Nigeria, Rwanda, India, Argentina, and Mexico. The ideas in this book will help companies desperate for real, long-term growth see actual, sustainable progress where they’ve failed before. But The Prosperity Paradox is more than a business book—it is a call to action for anyone who wants a fresh take for making the world a better and more prosperous place.




Dead Aid


Book Description

Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries.




The Land of Too Much


Book Description

The Land of Too Much presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other developed country? Why did it experience an attack on state intervention starting in the 1980s, known today as the neoliberal revolution? And why did it recently suffer the greatest economic meltdown in seventy-five years? Although the United States is often considered a liberal, laissez-faire state, Monica Prasad marshals convincing evidence to the contrary. Indeed, she argues that a strong tradition of government intervention undermined the development of a European-style welfare state. The demand-side theory of comparative political economy she develops here explains how and why this happened. Her argument begins in the late nineteenth century, when America’s explosive economic growth overwhelmed world markets, causing price declines everywhere. While European countries adopted protectionist policies in response, in the United States lower prices spurred an agrarian movement that rearranged the political landscape. The federal government instituted progressive taxation and a series of strict financial regulations that ironically resulted in more freely available credit. As European countries developed growth models focused on investment and exports, the United States developed a growth model based on consumption. These large-scale interventions led to economic growth that met citizen needs through private credit rather than through social welfare policies. Among the outcomes have been higher poverty, a backlash against taxation and regulation, and a housing bubble fueled by “mortgage Keynesianism.” This book will launch a thousand debates.




Capital Flight from Africa


Book Description

A comprehensive thematic analysis of capital flight from Africa, it covers the role of safe havens, offshore financial centres, and banking secrecy in facilitating illicit financial flows and provides rich insights to policy makers interested in designing strategies to address the problems of capital flight and illicit financial flows.




Africa's Agricultural Renaissance


Book Description

This book addresses the paradox between preponderance of hunger in a continent that is well endowed with fertile agricultural land, plenty of fresh water and a vibrant labor force. As some statistics show, close to 60% of arable land in the world is located in Africa which also has several rivers flowing in all seasons and plenty of underground water. The bulk of its labor force thrives on agriculture, yet the continent’s largest import item is food. 23 of 36 the most malnourished countries also belong in Africa. This has caused significant needless human suffering. This book goes beyond providing the traditional framework of supplying policy recommendations to delivering an applied, innovative framework upon which policymakers, the private sector and international institutions can take clear and deliberate action to stimulate Africa's agricultural sector, thus responding to the 2030 Agenda for Sustainable Development.




Growth and Poverty Reduction


Book Description

Growth and Poverty Reduction is part of the World Bank Working Paper series. These papers are published to communicate the results of the Bank's ongoing research and to stimulate public discussion. This volume provides a set of six case studies from West Africa. These assess the benefits of growth (or the costs of a lack of growth) in terms of poverty reduction in those countries. The first part of this book describes the experience of two countries (Ghana and Senegal) that achieved high levels of growth in the 1990s, and that also experienced important reductions in poverty, even though growth was not strictly pro-poor. The second part describes the experience of two other countries (Burkina Faso and Cape Verde) that also achieved high levels of growth in the 1990s, but where there was an initial perception that growth did not lead to much poverty reduction. The more detailed analysis of poverty presented here suggests however that these two countries did witness a sharp reduction in their population share in poverty, as would have been expected given their growth record. Finally, in the third part, the authors argue that a lack of growth in the 1990s in Guinea-Bissau and Nigeria has been a key reason for their persistently high levels of poverty. Overall, the case studies in this Working Paper make a strong case for the positive impact of growth on poverty reduction in West Africa. However, they also point to the need to pay close attention to changes in inequality, because such changes have limited the gains from growth for the poor in several of the countries considered here. Book jacket.




Theorising Development in Africa


Book Description

How come Africa is so underdeveloped when it is one of the richest continents on earth? Indeed, Africa is a paradox: it is poor and rich at the same time! Resource-wise, Africa is among the top richest continents in the world, yet development-wise it is the poorest of all continents. This paradox desperately needs comprehensive theoretical unpacking and rethinking if Africa is to achieve breakthroughs to the multifaceted development-related problems that have haunted it since the beginning of its unequal encounters with Europe. Regrettably, current Eurocentric development theories fall short on several fronts. The need for a comprehensive body of knowledge –theories and models – from the perspective of Africans persists in urgency. The present volume is an attempt to theorise Africa’s [under-]development with a view to provide a sustainable enduring framework of operations that will arrest the elusive predicament of the continent while taking it forward from its current position of passivity. It rethinks and re-imagines a number of externally imposed problematic mechanisms used (un-)consciously in Africa, with the intention to raise awareness and foster critical thinking in scholars and scholarship on African development. With its predicament-oriented theorising, the book is a pacesetter on how to think and research Africa’s [under-]development. It is also an invaluable asset for social scientists, policy makers, development practitioners, civil society activists and politicians.