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Institutions and economic performance: Implications for African development
Author(s) -
Luiz John M.
Publication year - 2009
Publication title -
journal of international development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.533
H-Index - 66
eISSN - 1099-1328
pISSN - 0954-1748
DOI - 10.1002/jid.1472
Subject(s) - poverty , affect (linguistics) , development economics , economics , economic growth , political science , economic system , sociology , communication
The recent economic performance of Sub Saharan Africa has been very disappointing. Its poverty has many dimensions and causes, both internal and external. This paper focuses on the role of institutions in promoting or hindering economic development in Africa and the implications for doing business on the continent. It questions our understanding of institutions and how they develop and warns against simplistic assumptions in this regard. The paper examines how it is that institutions come to affect economic growth and the characteristics of what makes for good institutions. Copyright © 2008 John Wiley & Sons, Ltd.