Impressive growth in Africa under peace and market reforms

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Periodical article

Title:	Impressive growth in Africa under peace and market reforms
Authors:	Salinas, Gonzalo Gueye, Cheikh Korbut, Olessia
Year:	2015
Periodical:	Journal of African Economies (ISSN 0963-8024)
Volume:	24
Issue:	1
Pages:	101-127
Language:	English
Geographic term:	Subsaharan Africa
Subjects:	economic development commodities exports political stability
External link:	https://doi.org/10.1093/jae/eju025
Abstract:	Economic stagnation in sub-Saharan Africa (SSA) led a number of economists to question the region's ability to attain sustained economic growth, some arguing for the need to shift away from primary exports. Yet, low growth has not been common to all SSA countries and those that maintained political stability and significantly liberalised their economies experienced high and relatively stable growth in income per capita, even as high generally as the growth seen in ASEAN-5 countries, while exporting mainly primary products. The evidence, furthermore, does not support the argument that countries achieved political stability and liberalised their economies only when they already had good growth performance or strong growth determinants. App., bibliogr., notes, ref., sum. [Journal abstract]