Africa and the challenge of globalization

This paper provides an overview of Africa's economic performance. Although the continent appeared headed for economic success in the early days of independence, based particularly on natural resource endowments, Africa's economic growth has stagnated while the rest of the world has experie...

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Main Author: Herbst, Jeffrey
Other Authors: S. Rajaratnam School of International Studies
Format: Working Paper
Published: 2009
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Online Access:https://hdl.handle.net/10356/90918
http://hdl.handle.net/10220/4488
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Institution: Nanyang Technological University
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spelling sg-ntu-dr.10356-909182020-11-01T08:45:55Z Africa and the challenge of globalization Herbst, Jeffrey S. Rajaratnam School of International Studies DRNTU::Social sciences::Economic development::Africa This paper provides an overview of Africa's economic performance. Although the continent appeared headed for economic success in the early days of independence, based particularly on natural resource endowments, Africa's economic growth has stagnated while the rest of the world has experienced continuous, often spectacular, growth. The countries in Africa that have had the worst performance are those that contain the majority of the population. These states, in particular, suffer most from a crisis of governance and lack the policy and legal frameworks to grow quickly. The states in Africa can be divided into six categories and each grouping faces a different set of challenges from globalization: 1) high performers ready to globalize; 2)coutries on an upward trajectory; 3)large, poorly performing countries; 4)poorly performing countries; 5)countries in collapse; and 6)old producing countries. Only the states in the first two groupings are currently able to participate in the globalized economy. 2009-02-05T09:33:17Z 2019-12-06T17:56:25Z 2009-02-05T09:33:17Z 2019-12-06T17:56:25Z 2005 2005 Working Paper Herbst, J. (2005). Africa and the challenge of globalization. (RSIS Working Paper, No. 93). Singapore: Nanyang Technological University. https://hdl.handle.net/10356/90918 http://hdl.handle.net/10220/4488 RSIS Working papers ; 093/05 Nanyang Technological University 31 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
topic DRNTU::Social sciences::Economic development::Africa
spellingShingle DRNTU::Social sciences::Economic development::Africa
Herbst, Jeffrey
Africa and the challenge of globalization
description This paper provides an overview of Africa's economic performance. Although the continent appeared headed for economic success in the early days of independence, based particularly on natural resource endowments, Africa's economic growth has stagnated while the rest of the world has experienced continuous, often spectacular, growth. The countries in Africa that have had the worst performance are those that contain the majority of the population. These states, in particular, suffer most from a crisis of governance and lack the policy and legal frameworks to grow quickly. The states in Africa can be divided into six categories and each grouping faces a different set of challenges from globalization: 1) high performers ready to globalize; 2)coutries on an upward trajectory; 3)large, poorly performing countries; 4)poorly performing countries; 5)countries in collapse; and 6)old producing countries. Only the states in the first two groupings are currently able to participate in the globalized economy.
author2 S. Rajaratnam School of International Studies
author_facet S. Rajaratnam School of International Studies
Herbst, Jeffrey
format Working Paper
author Herbst, Jeffrey
author_sort Herbst, Jeffrey
title Africa and the challenge of globalization
title_short Africa and the challenge of globalization
title_full Africa and the challenge of globalization
title_fullStr Africa and the challenge of globalization
title_full_unstemmed Africa and the challenge of globalization
title_sort africa and the challenge of globalization
publishDate 2009
url https://hdl.handle.net/10356/90918
http://hdl.handle.net/10220/4488
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