An enormous literature points to a diverse set of factors behind Africa’s growth tragedy, ranging from bad policies, poor education, and poor infrastructure, to aging leaders, the historic slave trade, and political instability.
The value of democracy in the world’s poorest region: Evidence from Kenya’s road building
Ameet Morjaria, 5 February 2014
Mark Harrison, 15 January 2014
From public finance to climate change, democracy looks to be in trouble. In many Western countries, political decisions are gridlocked while economic, social, and environmental imbalances accumulate. Our leaders juggle public opinion, private lobbies, and expert advice while trying to live within past promises and present legal obligations.
Democracy in Africa
Thorvaldur Gylfason, 17 November 2013
A man’s admiration for absolute government is proportionate to the contempt he feels for those around him.
― Alexis de Tocqueville
Until the second half of the 19th century, there were so few democratic states around the world that they could be counted on the fingers of one hand.
Oil and democracy: New insights
Francesco Caselli, Andrea Tesei, 22 December 2011
Looking at the historical experiences of many countries it seems uncontroversial that an abundance of natural resources can shape political outcomes.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
DellaVigna, Durante, Knight, La Ferrara
Ostry, Berg, Tsangarides
Allen, Eichengreen, Evans
Greenwood, Guner, Kocharakov, Santos