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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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 |
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DRNTU::Social sciences::Economic development::Africa Herbst, Jeffrey Africa and the challenge of globalization |
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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. |
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S. Rajaratnam School of International Studies |
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S. Rajaratnam School of International Studies Herbst, Jeffrey |
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Working Paper |
author |
Herbst, Jeffrey |
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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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1688665459530924032 |