The purpose of this paper is to sketch a strategy for African late starters. It identifies the key objectives and the mix of policy initiatives appropriate for a post‐financial‐crisis environment where South‐South trade and capital flows are taking on a greater salience.
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In this paper Professor Philippe Aghion of Harvard University argues the importance of the state governance. It is not so much a reduced state that we need to foster economic growth in our countries, but a strategic state. The strategic state would target its investments to maximize growth in the face of hard budget constraints.
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The purpose of this paper is to study how thinking on growth has evolved since the 1950s through the interplay of international politics, country-level experience, and theorizing almost exclusively conducted in Western countries. The paper reflects on how this body of thinking has diffused through a variety of channels and influenced policies in virtually all developing countries.
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Working Paper #1 authored by Dr. Okyu Kwon focuses on the Republic of Korea's infrastructure and lessons for African developing economies.
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